Travco halts construction on 4 hotels until flights resume

Travco has suspended construction on four hotels until the government allows flights to resume, the local press reports citing unnamed company sources who did not provide details on their locations. The company has invested EGP 2.5 bn into the hotels, 40% of which was financed by the company’s capital and the rest via loans, the sources said, adding that 85% of the construction has been completed.