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No privatization of public utilities
Egypt, Economics, 8/6/2002
Egypt's Prime Minister Atef Ebeid said public utilities would not be privatized, noting that water, sanitary drainage, roads, bridges, schools, hospitals, electricity networks, railways and public transport shall remain the property of the state in full in order to protect people of low-income.
ΚΚΚ Services will be provided for them in the light of their financial abilities and not according to cost.
ΚΚΚ The government subsidies basic services in the benefit of the masses.
ΚΚΚ "Pure drinking water will be made available to all parts of Egypt within three years in compliance with the directives of President Hosni Mubarak,"the Prime Minister said.
ΚΚΚ The government spent LE 400 billion on services and public utilities over the past 20 years at the rate of LE 20 billion annually. In the reign of President Mubarak new achievements are being accomplished every day for the benefit of citizens.
Previous Stories:
PM: No collective settlement to bank clients' problems
(8/5/2002)
National Investment Bank loan of LE 275 million for 20 silos
(8/3/2002)
German-Arab Chamber of Commerce propagates foreign investment opportunities in Egypt
(8/2/2002)
Egypt to sell 170 enterprises
(7/27/2002)
US offers $ 202 million to support Egypt's economic reform programme privatization
(7/2/2002)
Privatization remains thorny issue
(6/12/2002)
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