Prime Minister, Mostafa Madbouly, witnesses the signing of a contract for the implementation of the first line of the high-speed electric train network, in the presence of Kamel El Wazir, Minister of Transport, and Frank Hartmann, the German ambassador to Egypt, Invest-Gate reports.
The contract includes the design, supply, implementation, and maintenance of the line for 15 years, as well as financing the 660-km line (Ain Sokhna – Alexandria – Alamein – Matrouh), at a total cost of USD 4.45 bn.
For his part, El Wazir states that the contract includes executing a fast electric train line (for passengers & goods) linking Ain Sokhna and Matrouh, passing through the New Administrative Capital (NAC), Helwan, the 6th of October City, Alexandria, Borg El Arab, and Alamein, in addition, it includes 21 stations.
The contract is signed by Essam Waly, chairman of National Authority for Tunnels, Michael Peter, CEO of the German Siemens Mobility, Leon Soler, chairman of Siemens Transportation Group for Africa and the Middle East, Sayed Farouk, President & CEO of the Arab Contractors Company, and Osama Bishai, CEO at Orascom Construction.
It is worth mentioning that the high-speed electric train network consists of three integrated lines with a total length of 1,825 km. The first line is from Ain Sokhna to Matrouh, the second line is from the 6th of October City to Aswan, with a length of 925 km, and the third line is from Qena to Safaga port, with a length of 240 km.