The Egyptian Prime Minister (PM), Moustafa Madbouly, held a meeting with Toyota Tsusho’s President & CEO, Ichiro Kashitani, and a delegation of firm’s officials, in the presence of the Minister of Investment and International Cooperation, Sahar Nasr, and Japan’s Ambassador in Cairo, Masaki Noke, citing a statement published by the Egyptian Cabinet’s page on Facebook.
The PM highlighted the government’s keenness to hold the above-mentioned meeting to start the executive procedures of replacing diesel-powered micro-buses with either natural gas or combined cycle (CC) gas/fuel micro-buses, aiming to optimize the use of resources and provide the amounts incurred by the state budget for diesel imports in light of the Egyptian President’s instructions.
The replacement process should be carried out by local manufacturers, in order to strengthen the national industry, the PM said.
On the other side, Toyota’s officials presented their suggestions in manufacturing high-quality micro-buses running on natural gases.
The PM asserted to Toyota’s delegation that the government is very serious in implementing the replacement plan according to a specific timetable, noting that the government will provide a financing program with credit facilities to encourage old micro-buses’ owners.