1 Billion and 750 Million EGP for General Authority for Supply Commodities to repay suppliers dues of ration cards, bakeries, and import 235,000 tons of wheat

80 Million EGP, the amount for supply 80 new buses for Public Transport in Greater Cairo

15 Million EGP for Supreme Press Council to monthly pay technology allowance and 2008 premium

In the context of government efforts to provide and improve public services presented to citizens, Minister of Finance, Mr. Hany Kadry Dimian, agreed on package of financial allocations more than 3 Billion EGP for the Ministries of Supply, Transport, and Electricity.

The Head of General Budget Sector, Mr. Mohamed Abdel Fattah, declared that these allocations include two Billion EGP to develop the Republic’s electricity transmission networks in order to be qualified for dealing with electricity production plants of new and renewable energies, especially solar and wind energy in which  the private Sector is permitted to contribute  in establishment, and supply production to Electricity Authority through the National network of Electricity transmission and distribution, he referred that the financial allocations will be directed to raise efficiency  of network to bear and distribute larger loads of current production.

He added that the Minister of Finance’s approvals also include around 1 billion and 750 Million EGP for the Ministry of Supply to be allocated for General Authority of Supply Commodities, of which 500 million EGP to repay bakeries’ dues as per the new bakeries system; 750 Million EGP as subsidy allocated for ration cards commodities; 475 Million to buy 235,000 tons of imported wheat.

He said that the Ministry of Finance also allocated around 30 Million EGP for Cairo Public Transport Authority to repay the second installment of supply contract of the 150 buses, for which 149.6 has been allocated, he referred that the Ministry previously paid 50 Million, for the first installment raising the total of transferred amounts to 80 Million EGP so far, and the number of buses actually received to 80 buses. This will reinforce public transport fleet for citizen service in Greater Cairo governorates.

On the other hand, Mr. Mohamed Abdel Fattah referred that Minister of Finance also agreed on providing 14.9 Million EGP the value of monthly transferred allocations for the Supreme Press Council in order to provide dues of training and technology allowance for journalists who are members in the syndicate, as well as the General Treasury contribution in 2008 premium, referred that the Ministry of Finance already transferred around 89.4 million EGP for the Council during the first half of the current fiscal year, in the beginning of each month these amounts are transferred to be availed by the Council to different entities.