The construction of Grand Egyptian museum is almost complete after surpassing the deadline date that was set on May.
According to Egypt’s antiquities minister the project construction which was facing financial crisis early in April got a boost after the government of Egypt chipped in gave it support.
Early in April the minster of Antiquities had said that the project construction needed a further $US 300 million to complete the Grand Egyptian Museum.
The announcement came as costs of the new museum rose from $US 800 million to $US 1.1 billion, said Antiquities Minister Mamdouh Al-Damaty.
He also added that the once the museum construction will be complete it will be managed internationally, so that it can be independent to avoid bureaucracy.
The museum pyramids will be run independently and so that Gaza pyramid can be independent more than it was before the project kicked off.
The Grand Egyptian Museum in Egypt is the largest in the world and is expected to be officially opened by the end of 2015.
Private, international sponsorship was needed, he said, suggesting that the names of individual donors be written on the walls of the museum as an incentive.
The Egyptian government is trying to revive its battered tourism industry after four years of turmoil.
Only the foundation and a few structures of the museum have been built so far. It was originally scheduled to have opened years ago but was repeatedly delayed over what the government said was lack of funds. The latest official target aims for a 2018 opening.