Egypt is investing nearly $7.8 billion in the first phase of its 2,000-km high-speed electric train network, a newspaper reported on Friday.
The project, awaded to Germany’s Siemens Mobility and its Egyptian partners Orascom Construction and the Arab Contractors Company, has three phases.
“Phase 1 of the project is progressing smoothly…its costs are estimated at around $7.8 billion,” Addustour Arabic language daily said, citing a government report.
Phase 1 will link the Northeastern Ain Sokhna city with El Alamein city in the Northwestern Matrouh Governorate, according to the report.
The paper quoted Transport Minister Kamil Al-Wazir as saying the project includes the construction of 60 train stations and the deployment of 41 high-speed trains, 94 local trains and 40 freight trains. Phase 1 will be completed in late 2024, he added.
(Writing by Nadim Kawach; Editing by Anoop Menon)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.