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Monday, 14 October 2019

China, Egypt sign USD 571 mn in contracts for electric train project

China has signed contracts worth USD 571 mn with Egypt for the maintenance and implementation of its planned Al-Salam City-new capital-Tenth of Ramadan electric train line, the Transport Ministry said in a statement. This included a 13-year, USD 110 mn maintenance contract, and USD 461 mn worth of agreements with a number of Egyptian contractors, including Orascom Construction, Arab Contractors, Petrojet and Hassan Allam. The 70-km line is expected to be completed in two years and serve some 350k passengers per day.

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