Egypt: Nile River to transport more cargo

  1. Posted on Wednesday 11 November 2009 - 17:33
    Addou
    Image of Addou
    Merieme Addou, AfricaNews reporter in Rabat, Morocco
    Egypt will announce the leading bidding company that would build two more ports on the Nile River by the end of this year, stated Egyptian Transport Ministry officials.
    Egypt
    Already there are two existing tenders for the ports in the northern Mediterranean city of Alexandria and in Qena in central Egypt. Four more cargo ports are eyed in 2010 for tender.

    Currently, 98% of all cargo in Egypt is transported via roads. According to the Egyptian Transport Ministry the aim of the new project is to transport 20% of total cargo in Egypt through the Nile River and railroads within the next four to five years.

    Officials of the ministry said that Egypt was hoping to receive an additional US$ 8.9 billion in private investment in transport, inclusive of ports and roads, during the period 2009-2011. They added that the investment in river transportation is also an opportunity that should be seized by investors who can benefit from the encouraging investment climate in Egypt.

    The project aims also to achieve the Egyptian goal of reducing the pressure on demand for land transport and to create hubs to transport cargo from Alexandria to Upper Egypt via river transport to avoid road accidents. It will also help to relieve pressure on Egypt’s congested highways and lower transport costs for industry.

    The Egyptian transport Ministry is working to better utilize transportation in the Nile river due to the vital role being played by this sector in development plans through the contribution in the increase of cargo and passengers traffic at the domestic level, activation of tourism activities as well as its important role in the integrity of transportation system in the whole country.

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