ﻣﻮﻗﻊ ﺻﺪﻱ اﻟﺒﻠﺪ

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Elham AbolFateh

Egypt

Egypt pays interest in navigational linking Lake Victoria، Mediterranean project: Minister

Monday 18/December/2017 - 01:23 PM
Sada El Balad
Hassanein Tayea
Minister of Transport Dr. Hisham Arafat stressed that the African continent has great natural resources that should be optimally exploited to achieve a quantum leap in the development rates and increase the national product of the African countries.

In his speech during the opening session of the third meeting entitled "The Establishment of a Navigational Route between Lake Victoria and the Mediterranean Sea known as VICMED "، he said that the navigational linking Project between Lake Victoria and the Mediterranean Sea considered one of the most important infrastructure projects in the African Continent. He added that the project represents a vital navigational route between the northern and southern Mediterranean regions.
He added that the project would be considered the shortest linking routs between the Nile basin countries and Europe، noting that this surely would result in a positive effect in achieving the sustainable development in the African countries.
He added that the political leadership and the Egyptian government pay great attention to the project of linking Lake Victoria and the Mediterranean Sea. He pointed out that the importance of the project is emphasized in most of the President’s meetings with African Presidents، including the recent meeting with the Ugandan President، 2017.
During the meeting، President Abdel Fattah al-Sisi welcomed the project of navigational linking between Lake Victoria and the Mediterranean، stressing the necessity of taking essential measures to carry out the project once the studies are completed.
He added that the first phase of feasibility studies drawn up for the project has proved its economic، social and environmental importance. He stressed that it is intended to complete the institutional and legal studies prepared by the German consulting firm Hydroplan at the end of this year.
He concluded that the African Development Bank has agreed in principle to contribute to financing the second phase of studies regarding the project.

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