Egypt’s Ministry of International Cooperation has reportedly signed a US$650,000 grant agreement with the African Development Bank (AfDB) to finance feasibility studies on a shipping route linking Lake Victoria to the Mediterranean Sea through Nile River.
The plan for the shipping route, the aim of which is to convert the world’s biggest river into a sustainable waterway for transport, is expected to link the Nile Basin countries, comprising Egypt, Sudan, Kenya, Tanzania, Burundi, the Democratic Republic of Congo and South Sudan.
The project, which according to Egypt will increase trade between member states and the outside world, will be inaugurated in 2018.
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