Egypt to Spend $1.12bn on Airport Projects

25 May 2009 (Last Updated May 25th, 2009 18:30)

The Egyptian Government will spend EGP6.3bn ($1.12bn) on new airport and expansion projects, according to local press reports. EGP2bn will be spent in the reconstruction of Terminal 2 at Cairo International Airport, while EGP4.3bn will be dedicated for three new airports in the country,

The Egyptian Government will spend EGP6.3bn ($1.12bn) on new airport and expansion projects, according to local press reports.

EGP2bn will be spent in the reconstruction of Terminal 2 at Cairo International Airport, while EGP4.3bn will be dedicated for three new airports in the country, the Khaleej Times reports.

Cairo Airport Company's Ihsan Sadik said the three new airports - Burg El Arab Airport, Hurghada Airport and Asyout Airport - will handle 10 million passengers each year.

Burg El Arab is expected to be operational within a year while the remaining two airports may take two to three years to start operations.

Cairo, the biggest international airport in Egypt, opened its Terminal 3 on 27 April, with an annual capacity of 11 million passengers.