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Transport Ministry clarifies financing methods
The Ministry of Transport discussed financing mechanisms for transportation projects, clarifying that most of the funding comes from international development institutions and banks. These financings are characterized by grace periods of up to 10 years and repayment periods extending from 25 to 30 years, with low interest rates compared to commercial loans. The ministry emphasized that development financing contributes to the creation of assets and infrastructure projects with long-term economic impact, relying on multiple revenue sources such as passenger tickets, freight transfer earnings, advertising, and operational partnerships. It also noted that the assessment of financing is not limited to the size of the loans but includes the type of funding, its purpose, repayment period, and the economic and social returns. These projects highlight the importance of their sustainability after debt repayment, their positive impact on improving the movement of people and goods, reducing economic costs related to congestion and fuel consumption, and enhancing the linkage between industrial areas, markets, and ports.
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