Egypt’s president, Siemens CEO discuss final deal on construction of electric train system

SourceAhram
SectorTransport
CountryEgypt

The system, set to be implemented by the German multinational company, will have a total of 1,000km of railway lines nationwide and will cost EGP 360 billion Ahram Online , Wednesday 13 Jan 2021 From left, Egypt's Transport Minister Kamel El-Wazir, PM Mostafa Madbouly, President Abdel-Fattah El-Sisi, Siemens CEO Joe Kaeser, Siemens CEO Roland Busch (photo courtesy of the presidency) Egypt’s President Abdel-Fattah El-Sisi reviewed with German Siemens CEO Joe Kaeser the final agreement on the establishment of an integrated system of a high-speed electric railway in Egypt, Presidential spokesman Bassam Radi said. The system, set to be implemented by the German multinational company, will have a total of 1,000km of railway lines nationwide, Radi said, adding that it will cost EGP 360 billion. The agreement includes the immediate establishment of a railway line linking the Suez governorate’s Ain Sokhna with the New Alamein city, passing through the New Administrative Capital, as well as 15 stations, Radi said. This line will be 460km long and is set to be implemented within two years, Radi added. Kaeser conveyed greetings from Germany’s Chancellor Angela Merkel to the ...read more...