PM denies any intent to privatize railways
Prime Minister Sherif Ismail
Cairo - Egypt Today
Prime Minister Sherif Ismail denied on Saturday the government's intention to privatize the railways.
"We are seeking to achieve a large leap in the railways in the coming period," Ismail told reporters, citing a contract signed with General Electric (GE) to provide new 100 locomotives to Egypt.
"The new locomotives will be operational at the beginning of 2018," the premier added.
As for a new law on state lands, Ismail said its executive regulations are being mulled by the legislative committee of the cabinet, before being referred the State Council on Monday.
Source : Mena
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