The Chinese Xinhua news agency reported that the European Union Commission has offered Egypt a grant of 80 million euros (about $115 million) to support the development and restructuring of Egypt s transport sectors, Egypt s Mena news agency reported on Tuesday.
Egyptian Minister of Transport, Mohamed Mansour, made the announcement after a meeting with a visiting EU Commission delegation aimed at completing consultations on revamping Egypt s transport sector, Mena reported.
The Egyptian government offered several priority schemes to the EU delegation, which is due back in Cairo next month to finalize details.
During the EU-African Summit held in the Portuguese capital of Lisbon on December 8-9, the EU expressed its intention to help Egypt with its infrastructure schemes in the transport sector.
