Egypt’s Transport Ministry denies selling off railway, metro shares ...Egypt

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The shares of the Egyptian railway, metro, or electric traction facilities (fast electric train, the metro, LRT and the monorail) were not offered for sale on the Stock Exchange, the Ministry of Transport assured. In a Sunday statement the Ministry of Transport denied rumors spread online claiming that the ministry planned to sell off several assets of the light electric train and the electric express train to pay off problem projects’ loans. The projects are carried out by Egyptian consultants and companies with the help of foreign expertise, the statement stressed. The statement explained that the ministry uses foreign expertise in developing ports and establishing stations and berths, as

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