|
International offers for establishing a tunnel under Suez Canal
Egypt, Business, 4/29/1999
The Egyptian governorate of Port Said is currently conducting feasibility studies for establishing a tunnel under the Suez Canal south of Port Said at a cost of 400 million pounds.
General Mostafa Sadek, governor of Port Said today told ArabicNews.com that the governorate received 10 international offers for establishing this tunnel, adding that the investor group Shark El-Tafria area will pay half of the costs with the executive companies.
Sadek added that this project will be run on the B.O.T (build-operate-transfer) system and aims at serving the new industrial zones in Port Said and the project of Port Said's market for international free trade and developing northern Sinai.
Previous Stories:
25 offers to buy Egyptian internal trade companies
(4/26/1999)
Cairo: Four companies compete to buy Asyut Cement
(4/24/1999)
Delta for building and construction floats up bonds of 225 million L.E
(4/23/1999)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
