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Thursday, 11 November 2021

Egypt inks new transport agreements with local, foreign companies

Guess what isn’t in short supply right now: Transport agreements, yet more of which were signed yesterday on the final day of the TransMea conference, the Transport Ministry said. The agreements included a EUR 8 mn grant signed with the European Commission to upgrade the Raml tram overground line in Alexandria, an MoU with Hong Kong’s Hutchison Port to operate a multi-purpose station in Dekheila Port and revamp infrastructure at Ain Sokhna Port, and a EGP 200 mn contract between SuperJet and mass transport operator Mwasalat Misr to set up a new smart transport route in the new administrative capital. Another agreement involved the ministry’s dry ports authority contracting with Samcrete to study a new dry port project in Sohag.

Chinese company on board to maintain new capital electric rail line: A EGP 1 bn contract was signed between the Aviation Industry Corporation of China (Avic) and the National Authority for Tunnels which will see the Chinese firm carry out maintenance works on the planned electric rail line linking Salam City and Tenth of Ramadan City for 12 years, according to Al Borsa.

There’s a lot more where that came from: Get all the info on the other 21 agreements that were signed during the conference in this week’s Hardhat.

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