Egypt to get airport makeover

The World Bank is set to loan US$335 million to the Land of the Pharaohs in a bid to improve airport infrastructure in Cairo and Sharm Al Sheikh.

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By  John Irish Published  March 31, 2004

Passengers travelling to Egypt will see a drastic improvement in airport services over the coming years after the World Bank agreed to loan the country US $335 for the Airports Development Project. In a statement to the press, the organisation claimed the loan was essential in helping Cairo and Sharm Al Sheikh airports absorb additional traffic without a rapid deterioration in service standards. “The project will support the government’s on-going programme to reform the civil aviation sector,” said Mahmood Ayub, World Bank country director for Egypt. “It is also critically important for Egypt in providing experience in designing and financing large and complex infrastructure projects.” The programme, which is set to begin in July with completion in December 2008, will concentrate on doubling the capacity of passenger terminals at Cairo and Sharm Al Sheikh International Airports by financing new passenger terminals. It will also try to bring the two airports in line with international standards and promote private sector companies to participate in airport management. “The government was keen to involve the World Bank in the project to ensure best practice experience on technical, financial and environmental issues,” explained Ayub. “The project will also ensure transparent tendering processes, something that strengthens good governance.”

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