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Tuesday, 24 November 2020

Six railways agreements signed at TransMea 2020

The Transport Ministry signed six railway agreements on the sidelines of the TransMea 2020 expo on Monday, covering the national railway, two planned electric train lines and Cairo’s metro network, a ministry statement said. These include two agreements with a Chinese consortium worth c. USD 530 mn to finance the second and third phases of the electric train route connecting Tenth of Ramadan City to the new administrative capital. Two pacts also covered civil works for the first round of Metro Line 4, while an MoU to conduct due diligence for the electric train that will connect West Port Said and Abu Qir and an agreement to set up a joint Chinese-Egyptian vocational training facility for railway technology were both signed. This came a day after the French Development Agency agreed to provide an EUR 50 mn loan to develop Cairo’s Metro Line 1.

We took a deep dive into Egypt’s transit hub and railway projects launched recently with the inauguration of the fourth phase Cairo Metro Line 3 in August. Read our coverage here.

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