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Wednesday, December 19, 2007 : 1100 Hrs |
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International
CAIRO, (Xinhua): The European Union Commission has offered Egypt a grant of 80 million euros (about $115 million) to support the development and restructuring of Egypt's transport sectors, Egypt's MENA news agency reported on Tuesday.
Egyptian Minister of Transport, Mohamed Mansour, made the announcement after a meeting with a visiting EU Commission delegation aimed at completing consultations on revamping Egypt's transport sector, MENA reported.
The Egyptian government offered several priority schemes to the EU delegation, which is due back in Cairo next month to finalize details.
During the EU-African Summit held in the Portuguese capital of Lisbon on December 8-9, the EU expressed its intention to help Egypt with its infrastructure schemes in the transport sector.
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