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Egypt begins feasibility study of Nile Basin countries’ navigation lane

The cost of the project is expected to exceed $10 billion. It is scheduled to be partially operational by 2017.
25.10.15 | Source: Star Africa

Egypt’s Water Resources and Irrigation Minister Hossam Moghazi said on Saturday that Egypt is appointing an international office to conduct a feasibility study for a navigation lane that links the Nile Basin countries from Alexandria in the north to Lake Victoria in the south.He added that the African Steering Committee for the project has approved the pre-feasibility studies carried out by Egypt.

The minister also noted that the African Development Bank is granting the project a loan of $750,000 for the first phase of the feasibility study.

Egypt is developing the terms of the contract with the international office,he said. This confirms the confidence of the African countries in Egypt’s capabilities.

Moghazi said that Egypt is willing to open the Transport and Water Resources ministries’ training centers for the project specialists.

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