Egypt has released its first green microbus under President Abdel Fattah al-Sisi’s initiative to replace obsolete cars, Finance Minister Mohamed Maait said on Friday. Approximately 300 buses will be introduced to Egypt’s streets each month, the minister added. Under the initiative, aging cars are replaced with those that run on natural gas. Anyone who opts to switch out his or her old vehicle is rewarded with incentives. According to Maait, the state treasury has bore about LE92.8 million in value of the green incentive. He added that his ministry has completed a bidding procedure that will allow old cars to be removed from scrap yards in Cairo, Alexandria, Suez, and the Red Sea and dispose
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