EGAS Signs Contract for Conversion of 2262 Buses

EGAS Signs Contract for Conversion of 2262 Buses

Prime Minister, Mostafa Madbouly has attended the signing ceremony of an agreement to convert 2262 buses, affiliated to Public Transport Authority, to run on natural gas in Cairo and Alexandria for about EGP 1.2 billion, according to a press release.

The agreement was signed by the Egyptian Natural Gas Holding Company (EGAS) on behalf of the Ministry of Petroleum and Mineral Resources, and ministries of finance, local development, military production and Public Transport Authority of  Cairo and Alexandria, in the presence of Tarek El Molla, Minister of Petroleum and Mineral Resources.

This agreement came within the framework of President Abdel Fattah Al-Sisi’s directives to modify and replace cars to run on natural gas in order to achieve the economic optimum benefit from natural gas and to maximize its added value. The Ministry of Finance will fund the project over six operational stages effective from the fiscal year (FY) 2021/22.


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