Kamal El-Wazir, the Egyptian Minister of Transportation, before the Transportation and Communications Committee of the House of Representatives:
Egypt is moving to turn its railway sectors into companies in partnership with the private sector.
The private sector is more efficient than the government in managing and operating transportation projects.
We are considering combining the operation of "Telago" and VIP trains into one entity.
The participation of the private sector in rail transport activity from loss to profitability.
The purpose of the participation of the private sector is to reduce the operational and financial burden on the railway authority.
Follow Al Shrek Bloomberg for more.