Lieutenant General Kamel Al-Wazir, Minister of Transport, said that the cost of development, expansion and compensation works for the ring road amounts to 14 billion pounds, of which 4 billion pounds are compensations for the Prime Time Zone living on this road.
The minister added, during a phone call to the Al-Hekaya program on MBC Egypt, that citizens who own real estate on the Ring Road will receive a social compensation of 40,000 pounds per room, and the kitchen and hall will be considered each of them as a room, meaning that the apartment is “two rooms, a hall and a kitchen, the compensation price for which will reach 160 thousand.” Pounds ”.
He pointed out that the presidential directives for real estate built on the campus of the Ring Road, which are located on an area of 50 meters to the right and left of the road, will receive social compensation, as well as real estate that was built without permits or built on state land.
He explained that the lands owned by private ownership will give their owners the price of the lands estimated by the General Commission for Survey, whether they are buildings or agricultural lands.
The article, Minister of Transport: The apartment has two rooms, a hall and a kitchen on the Ring Road. You receive compensation of 160 thousand pounds, which was written in the Al-Borsa newspaper.