Sharaf: Investments projects to be set up to raise railways assets

Egypt's Minister of Transport Essam Sharaf said President Hosni Mubarak had issued a republican decree to dedicate about 190 million square meters nationwide to be used to set up investment projects in a bid to raise Egypt railways' assets. The Minister added that revenues of these proposed projects will be channeled to upgrade the railways service.

The Minister, in a bid to enforce the decree, made a reshuffle in the Railways Investment Company as some experts and businessmen were appointed in its board.