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Starting the structuring of the passenger transport companies affiliated to the Transport Holding Company and merging them into one company

Today, the first steps of the Holding Company for Maritime and Land Transport begin to restructure the three passenger transport companies affiliated with the holding and merge them into one company within the framework of the companies’ recovery plan, especially that the losses of the three companies amounted to about one billion pounds.

Major General Abdel Muttalib Metwally, Managing Director of the Holding Company for Land and Maritime Transport, said that there are 3 transport companies whose condition is bad, and therefore there will be a merger of them because their losses amounted to one billion pounds, and they have 3,500 workers and 900 cars, with an average of 300 buses for each of the three companies, and each bus has 9 workers. .

A source revealed to "The Seventh Day", that a meeting of the Board of Directors of the Holding Company for Maritime and Land Transport will be held today, headed by Major General Salah El-Din Helmy, to open the technical envelopes and choose the company that will manage and operate the new entity for passenger transport companies after merging it into one company, Egybus, in an attempt To strengthen the new entity, the financial envelopes will be opened, while July 27 has been set as the date for opening envelopes of advanced technical and financial bids for the five cargo transport companies.

The Ministry of Public Business Sector had announced that it is scheduled to merge the subsidiaries of the Holding Company for Maritime and Land Transport to become only two companies, one for transporting passengers, and the other for transporting goods, instead of currently 8 companies.