by Raymon Kondos
CAIRO (youregypt.com) - The World Bank has approved a $335 million
as a loan to Egypt to develop airports of Egypt . The project aims
at building new passenger terminals a Cairo and Sharm
Over the past few years, complaints have been raised against congestions
at both airports which were built to suit a small number of passengers.
Boom in tourism have brought to surface questions over capacity
of Egypt 's airport facilities.
The project, which should end by December 2008, also aims at upgrading
the existing service quality at the airports to come in line with
international standards, while inviting the private sector to have
an active role in such process.
More than 50% of Egypt 's passenger traffic passes through Cairo
International Airport , while 75% of passengers arriving to the
airport come from international destinations.
"The project will support the Government's
on-going program to reform the civil aviation sector. It is also
critically important for Egypt in providing experience in designing
and financing large and complex infrastructure projects," said
Mahmood Ayub, World Bank Country Director for Egypt in a statement
by the World Bank on last March 30.