50 companies contracted to develop EGP 11 bn third phase of the national highways project

The Roads and Bridges Authority signed contracts with 50 companies to develop the third phase of the national highways project, authority chief Adel Turk tells Al Borsa. The third phase will see the construction of 1,180 km of highway at a cost of EGP 11 bn, he added. EGP 6.8 bn of that will be used to develop roads in Upper Egypt, Transport Minister Hisham Arafat had previously said.