On the latest events in Kusheh, Upper Egypt, President Mubarak dismissed reports that a Congress member had asked to visit Egypt to discuss the Kusheh issue. On the domestic level, mega projects President Mubarak then moved to domestic issues, replying to a question on reports that funds of the Social Fund are misused. There is stirct control over the work of the Fund. On the mega projects, President Mubarak said work in the basic projects will not stop. President Mubarak said the Development Project of Toshka, Upper Egypt, has been subject to thorough scrutiny.
Progress is ahead of schedule.
As I have previously confirmed there is no backtracking. On Aswan iron project, President Mubarak said that the entire venture is currently reconsidered by the government. President Mubarak highlighted the importance of the East Suez Canal Project in view of the site's potentials for international transport and storage and also in view of its capacity to attract new employees and investors. Mubarak said tourism in Egypt is booming, with the government continuing to build the infrastructure needed to encourage the establishment of new holiday resorts. He referred to the road currently being constructed between Hurghada and Suez and the expansion in electricity and water projects and in building more airports.