Back to the complete issue
Monday, 28 August 2017

Transport Ministry to issue global tender for rail management and operations in three months

Transport Ministry to issue global tender for rail management and operations in three months’ time: The Transport Ministry is planning to issue a global tender in three months’ time for the management and operation of the Egyptian National Railway, Minister Hisham Arafat said on Sunday, according to Al Borsa. The news comes one day after the ministry said it was done drafting legislative amendments that would effectively end the state’s monopoly on rail services by allowing the private sector to take part in building, management, and infrastructure maintenance.The bill is expected to go to the House of Representatives in October. Arafat, who had been in the hot seat after a deadly train collision claimed 41 lives earlier this month — had dispelled concerns over the “privatization” of the rail sector — saying the move only aims to improve the quality of the service and will not affect ticket prices. The minister had also pointed out that private sector involvement is necessary to develop the sector, since the cost would be too high for the state to bear on its own. Arafat had met with delegation from Poland’s H. Cegielski – Pozna_ S.A. and Bombardier’s Italian arm last week to discuss upgrade plans.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.