To implement the President’s directives, the Ministry of Industry revealed that it is considering 1.8 million vehicles under the initiative.
Egypt’s Ministry of Industry further revealed that the ambitious strategy is set to be implemented over the course of two to five years, at a cost of LE 320 billion ($20 billion).
The ministry in its statement however noted that, converting 240,000 microbus vehicles running on diesel was found to be challenging.
To address this problem, the ministry of industry says that, these vehicles will be replaced with gas-powered ones, through a finance program that extends over four years at a cost of LE 53 billion ($3.3 billion).
New cars are also targeted in the plan with initiatives set to be launched to “encourage” car owners to convert their cars to run on a bi-fuel system (gasoline and natural gas) in case they are qualified to work with gas.
She also denied reports that converting cars to operate on gas harm their engines.
Earlier, former Petroleum Minister Osama Kamal said the conversion process will help the state save hard currency, reduce pollution and save other fuel sources for petrochemicals industry.