Egypt agrees deal for $23 billion high-speed rail link

Thank you for reading the news about Egypt agrees deal for $23 billion high-speed rail link and now with the details

Jeddah – Yasmine El Tohamy – CAIRO: Egypt signed a deal with German giant Siemens on Thursday to build a $23 billion high-speed rail line linking the Red Sea and Mediterranean coasts.

The electric railway will run for more than 1,000 kilometers from Ain Sokhna on the Red Sea to New Alamein on the Mediterranean coast, passing through a new administrative capital being built east of Cairo.

Egyptian President Abdel Fattah El-Sisi reviewed the final agreement with Siemens on the project, which is expected to start immediately.

Work to build the 15 stations included in the project is expected to be completed within two years.

The announcement of the express rail link came after El-Sisi met with Joe Kaiser, president and CEO of Siemens, and Roland Bush, the company’s executive vice president, together with Egyptian Prime Minister Mostafa Madbouly and Transport Minister Kamel El-Wazir.

El-Sisi said that the new electric line “will represent a significant addition to the country’s transport network in terms of trade and passenger transport.”

El-Wazir said that the project will link the new administrative capital and new cities, carrying passengers and goods through a “fast, modern and safe means of transport.”

Soil research, surveying and route planning has been completed, and work is underway building bridges and the track, he added.



These were the details of the news Egypt agrees deal for $23 billion high-speed rail link for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.