Sep 09 2012
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Egypt to offer rail project to private sector next year: Minister
"The full project is estimated to cost more than EGP 100 billion [USD 16.4 billion]. Some Asian, Arab, Chinese, Italian and Spanish companies have expressed interest in bidding for the project," Dr. Rashad said in a phone interview.
The high-speed train will link the cities of Alexandria, Cairo, Aswan and Hurghada at a speed of up to 300 kilometers per hour. "We are currently determining the proposed path that the track will take through the western desert to Cairo and then Aswan and finally to the Red Sea," the minister said.
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