
Egypt· SuezEgypt denies Suez Canal ownership transfer to CBE amidst infrastructure developments
Egypt's government has denied any plans to transfer ownership of the Suez Canal to the Central Bank of Egypt, while also inspecting canal bridges and developing a high-speed rail network.
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Egypt denies Suez Canal ownership transfer to CBE amidst infrastructure developments
First report 12h agoLast update 4h agoThe Egyptian government explicitly denies any intention to transfer Suez Canal ownership to the Central Bank of Egypt.
The Transport Minister is inspecting high-speed rail projects and there are plans to develop a 2,250km high-speed rail network targeting 1.5 million daily passengers by 2030.
Egypt has ordered inspections of canal bridges and agricultural drains following requests from lawmakers, indicating government oversight.
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