The new investment plan for new transport is estimated to eclipse 32.5 billion EGP (U.S. $5.4 billion), according to a new report issued by the Egyptian Ministry of Planning. This investment plan represents a 41 percent increase over the last three years. The 2010-2011 investment plan equaled 23 billion EGP (U.S. $3.8 billion). In terms of specific investments, the report claims that government investments represent 43 percent of total investments, 23 percent will be from economic institutions and 34 percent will come from public companies. This represents the growing trend of private investment. Specifically, 2.6 billion EGP (U.S. $435 million) will be allocated to create and develop major roads and bridges; 3.4 billion EGP (U.S. $569 million) will be dedicated to streamline railroad operations; and 2.2 billion EGP (U.S. $368 million) will be earmarked for metro construction and maintenance on all four lines. In addition, 771.2 million EGP (U.S. $129 million) will be allocated for the development and modernization of Egyptian ports and 460.8 million EGP (U.S. $77 million) will be dedicated to river maintenance. The report indicated a slowdown in Egypt's growth rate during 2010-2011, attributed largely to the January 25 Revolution. The 2011-2012 transportation plan will integrate and coordinate with various economic sectors, the report claims, and will include the expansion of the use of multimodal transport.
