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Egypt does not intend to give up its shares of the Nile

Today, Saturday, the Egyptian government said that there is no truth to the news circulating about the state’s intention to cede the Nile River ports to a foreign country, according to a draft law reorganizing the General Authority for River Transport.

The Egyptian Ministry of Transport confirmed in a statement that “it is not correct to cede the Nile River ports to a foreign country under the draft law to reorganize the General Authority for River Transport,” and stressed that “Egyptian ports are wholly owned by the state and subject to Egyptian sovereignty and will remain so,” according to the Egyptian Cabinet.

Where the ministry continued, explaining that the draft law to reorganize the General Authority for River Transport “aims to encourage the private sector to invest in the field of river transport, without selling or ceding ownership of any of the river transport ports, by unifying the entity that issues licenses to carry out the business of transporting passengers, goods, supplies, materials of all kinds, and containers.” Management and operation of shipping lines and ports.

She added, stressing that “public utilities obligations will be granted to investors, whether Egyptian or foreign, for the purpose of establishing, managing, operating, maintaining and exploiting ports, river anchorages, locks and navigational routes, according to the contracting system according to the nature of each project, while adhering to the conditions and procedures that guarantee the protection of that facility.” It will revert to the state at the end of the commitment period free of charge and in good condition.

The Egyptian Ministry of Transport also indicated that “the draft law aims to achieve unified, tight and disciplined regulation of everything related to river transport in a way that addresses both the randomness of regulation and the conflict of specializations between the different departments in the state through the competence of the General Authority for River Transport and others, to issue navigational licenses for mechanized and non-mechanized river units.” Fixed floats, floating hotels, golds and the crews working on them, and commitment lines for ferries of all kinds.

She pointed out that the law aims to “issue licenses for berths and river ports on the Nile River and its navigational branches, which leads to the unification of the authority issuing licenses for all those working in the field of river transport. all, and for operators and users of river transport, whether passengers or cargo.”

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