Egypt: Nile River to transport more cargo

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 chance that should be seized by investors who can benefit from the encouraging investment climate in Egypt.

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