Gulf consortium targets six-lane highway to Aswan
The Bahraini/Gulf-based consortium led by Abu Dhabi Investment House (ADIH) and Gulf Finance House has expressed interest in a transport ministry plan to build a £E 58,000 million ($10,000 million) six-lane highway between Borg el-Arab and Aswan.A Transport Ministry source said tendering is expected to begin early in 2007.The three-phase project, expected to run 30 kilometres west of the Nile, will stretch 1,200 kilometres. Extensions will push the total length to 2,170 kilometres. The first phase will link Borg el-Arab, Wadi Matrouh and Fayoum. The road will be linked to the Cairo-Assiut Western Desert road, which itself will be extended.The project is the largest proposed so far by the $1,000 million consortium. It is aiming to implement projects through public-private partnerships worth a total of $30,000 million (MEED 22:9:06).
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