Egypt is counting on public-private partnerships to fund an ambitious infrastructure programme to invest billions of dollars in roads, ports and utilities over the next five years.
Decades of underinvestment have left the country with poor infrastructure that hinders economic activity and adds to the hardships of its 80m people. Public transport is congested and inadequate, roads are unable to cope with the volume of traffic, untreated sewage pollutes waterways and power generation is stretched to capacity.
EFG-Hermes, the investment bank, estimates that overall Egypt needs $45bn worth of investment in transport, energy generation and utilities over the next five years.
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