Minister of Finance Dr. Youssef Boutros Ghali has agreed to increase the budget for public transport in Cairo to 395 million pounds in an effort to support public transport authority and  to avoid rai...

Minister of Finance Dr. Youssef Boutros Ghali has agreed to increase the budget for public transport in Cairo to 395 million pounds in an effort to support public transport authority and  to avoid raising ticket prices.  Head of the authority, Engineer Salah Farag has reiterated that the budget for last year has reached 340 pounds, explaining that the increase in the budget has been used to buy spare parts and support price differences exert by shifting petrol prices. The head of the authority further added that the National Investment Bank has agreed to support the authority with 130 million pounds for the chassis parts for the new car to be manufactured in Gesr al Suez workshops, affirming that the renewal of mini buses and buses of over five years is underway. The World Bank has completed a study for the development of Heliopolis metro and will participate in the refurbishment with 50 million pounds. (source: Al-Masry El-youm)