Egypt signs MOU with Siemens for $23bln high-speed train line -cabinet

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

  
Construction machine works at the site of the future Light Rail Train (LTR) project "Al-Salam - New Administrative Capital (NAC)" to link with 10th of Ramadan and the El-Salam district in east Cairo, Egypt July 9, 2019. Image used for illustrative purpose.

Construction machine works at the site of the future Light Rail Train (LTR) project "Al-Salam - New Administrative Capital (NAC)" to link with 10th of Ramadan and the El-Salam district in east Cairo, Egypt July 9, 2019. Image used for illustrative purpose.

REUTERS/Shokry Hussien

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;))

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