The key development objectives of the Airport Development Project (ADP) are to foster more rapid economic growth, capitalize on Cairo Airport's potential as a regional hub for passengers and freight, and augment Egypt's foreign exchange earning capacity. These objectives, which are well-aligned with other on-going Bank operations, including the proposed Economic Reform Project and the Agricultural Export Development Project, would be achieved by: eliminating existing capacity constraints at CA, which would permit increased traffic flows, contribute to better airport services, lower transaction costs, and more competitive operations, and promote tourism and encourage agricultural exports, both of which are intensive airport users; and addressing airport sector governance issues, including separation of policy, regulatory and operational functions, and promotion of policies to strengthen the investment climate, attract private investment, and encourage competition by limiting the influence of Egypt Air on airport management decisions; also, finding the best option for private sector participation in the operation and management of CA with a view to produce a strong demonstration effect that would induce private sector involvement at a broader scale for planned improvements at other international airports, including at Aswan, Hurghada, Luxor, Abu Simbel and Sharm El Sheikh
