CAIRO  - Egypt signed a memorandum of understanding with Germany's Siemens on Thursday for construction of a $23 billion high-speed train line linking Egypt's eastern and northern coasts, the cabinet said in a statement.

The electric rail line would run from Ain Sokhna on the Red Sea to New Alamein on the Mediterranean coast, passing through a new capital under construction in the desert east of Cairo.  

 

(Reporting by Moamen Saeed Atallah Writing by Aidan Lewis Editing by David Goodman ) ((Aidan.Lewis@tr.com; +20-1001174410;))