Egypt: New taxi program runs into difficulties

Created: May 04, 2010,
modified: Jan 13, 2012,
overall rating: 0.000
Finance Ministry officials say the ministry's project to encourage Egypt's taxi owners to replace their aging cabs with new automobiles is facing financial problems, since advertisers were neglecting to pay banks for the advertisements featured on new taxis.
The project's phase-two subscribers, meanwhile, complain that the ministry is selling them cars at prices higher than those charged their counterparts in phase one. Others say the ministry is failing to deliver new automobiles even though their applications have been approved.
"I finished all the paperwork with the bank in July of last year and yet I still haven't received my new car," said project subscriber Emad Mohamed.
Assistant Finance Minister Nabil Rashdan, for his part, said that banks had agreed to extend credit facilities for seven years to ease payment obligations for new subscribers. "And we're also talking to more advertising agencies in hopes of bringing in more ads," he added.
Al Masry Al Youm
Translated from the Arabic Edition.
Your Rating:
Overall rating: 0.000
Totally voted: 0
Comments
Login/Registration
Weather in:
Exchange Rates
1 USD = 16.200 LE
1 EUR = 18.040 LE
News
-
IMF loan expected next month
Apr 22, 2013, rating: 3.000, 3 votesEgypt may secure an International Monetary Fund loan agreement in about amonth, state news agency MENA reported, quoting "informed" sources ...
-
Egypt received 11 million tourists in 2012 and aims to boost that number to 14 million in 2013.
Jan 22, 2013, rating: 3.000, 2 votesEgypt received 11 million tourists in 2012 and aims to boost that number to 14 million in 2013.
-
Egypt limits travelers leaving country to US$10,000 in cash
Dec 26, 2012, rating: 3.250, 4 votesEgypt has banned travelers from carrying more than US$10,000 in foreigncurrency cash in or out of the country ...
-
National Coalition on Climate Change for Egypt is born
Nov 30, 2012, rating: 5.000, 1 votesThe global COP18 conference on climate change opens in Doha Monday.About 17,000 participants from all over the world ...
-
Egyptian family's average annual income is LE25,000, agency reports.
Nov 29, 2012, rating: 5.000, 1 votesThe average annual Egyptian household income during 2010-2011 wasLE25,353, according to the Central Agency for Public Mobilization andStatistics.
-
Judgment for sexual harassment
Nov 14, 2012, rating: 3.600, 5 votesA man was sentenced to two years in prison and fined LE 2,000 for sexually harassing a woman, an ...