GATD has achieved 66% of the total target revenues of EGP 580m during the first three quarters of the fiscal year (FY) 2015/2016.
GATD Chairperson Serag El-Din Saad said in an earlier interview that the authority aimed to increase its revenue in the next year to reach EGP 720m by collecting its financial dues from investors who benefit from land under the authority.
He said that this policy had been adopted by GATD over the past three years, as it obtains part of its financial dues while allowing concession payments without prejudice to the state.
The grinder let GATD make competitive bids on jobs, letting the division run its operation as a job shop.
With the new grinding machine, GATD can keep costs low and stay competitive with sources in the U.
It was luck that Blohm was marketing a 60 hp grinder just when GATD was in search of a new creep grinding machine.