el-Sisi Launches Vital Projects: We Continue with Our Economic Reform Approach

  • Cairo, Arab Republic of Egypt
  • 30 June 2020
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Egyptian President Abdel Fattah el-Sisi pointed out that "compensating citizens in order to implement axes and roads requires huge funds, especially in some regions such as Giza", explaining that "the cost of one kilometer of roads reaches one billion pounds and the roads’ sector cost the state nearly from 600 billion pounds, to reach it to a level of quality worthy of the Egyptians."

el-Sisi’s words came during the opening of some projects in the East Cairo region, where he stressed that "the axis of the Suez Road was impossible to expand, except in the case of annexing lands owned by the armed forces and the Arab Organization for Industrialization and the value of these lands amounted to more than 3 billion pounds, after deducting an area of ​​25 meters along the length of the military units, which means paying compensation from the army treasury for land originally owned by the state.”

He believed that "rebuilding the Egyptian state required work in all sectors, with the same level of effort and cost on the road network," stressing that "the current problems in Egypt require the management of very massive numbers to solve them, as we need trillions to address all issues in all files", confirming that we "continue with the approach of economic reform, and we will not return to chaos, as these stages are over, and chaos has become unacceptable in our country and we will work to combat all aspects of chaos and irregularities at the level of the republic."

Source (The New Arab Newspaper, Edited)