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Wednesday, 31 January 2018

Transport Ministry receives 23 offers for high-speed electric train line

The Transport Ministry is studying offers from 23 local and international firms to build, operate and maintain a high-speed electric railway line linking Ain Sokhna to Al Alamein, Minister Hisham Arafat said yesterday, Al Mal reports. A joint committee from the ministries of housing and transport is expected to conclude its review of the offers within a month, after which the government will begin receiving financial and technical offers. The 534-km line will accommodate both cargo and passenger trains, passing through the new capital, 6 October City, and Alexandria. The winning company will be expected to finance the project, with government-backed loans being the ideal situation, Housing Minister Mostafa Madbouly said last month.

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