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Egypt to invest $16bn in transport

Egypt expects investments of at least LE90bn over the next five years in its transport infrastructure to meet demand from rapid economic growth, the transport minister said, reported Reuters. A series of fatal road and rail accidents in recent years have triggered a public outcry over the government's handling of transport safety. Egypt expects LE50bn pounds of private sector investment in its ports over the next three years. Another LE30bn in public and private investments would go to roads over a five year period, and LE10bn in further investments would go to Egypt's rail system, said Mohamed Mansour, the minister of transport.