Egypt to use 1 billion USD to develop infrastructure

Egyptian finance minister said Turkey allocated one billion USD for Egyptian projects.

Egypt to use 1 billion USD to develop infrastructure

World Bulletin / News Desk

Egyptian Minister of Finance El-Mursi Hegazy said that Turkey allocated one billion USD for infrastructure projects of Egypt.

Hegazy told AA that Turkey extended two billion USD to Egypt, and one billion USD of this money had been put into Central Bank in December 2012, and the remaining one billion USD was allocated to infrastructure projects in the country.

Hegazy said that Egyptian government decided to use one billion USD to develop infrastructure services and to purchase buses fuelled by natural gas.

Hegazy appreciated Turkey's help to Egypt which had been passing through a sensitive period.

Last Mod: 28 Nisan 2013, 18:02
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