Transport Ministry’s losses in 2016 reach EGP 5.8 bn

The House’s Transportation Committee has revealed that the Transport Ministry incurred EGP 5.8 bn in losses last year, and has called on Transport Minister Galal Saeed to put in place a plan to reverse the ministry’s losses, Al Mal reports. An unnamed source told the newspaper that a hike in the prices of public transport tickets is inevitable in light of the ministry’s losses and inflation rates.