An Egyptian-Chinese consortium has won a USD 9 bn (EGP 142.19 bn) tender for the design, finance, and operation of a high-speed rail, linking Ain Sokhna and New Alamein, with a speed of 250 kilometers per hour.
Elsewedy Electric's unit Elsewedy Electric for Trading and Distribution has announced an EGP 355.5 mn engineering, procurement, and construction (EPC) contract to establish a new substation in Sadat City, northwest of Cairo.
The National Authority for Tunnels (NAT) has inked a EUR 1.14 bn (EGP 21.4 bn) contract with French transportation firm RATP Dev to run and operate Cairo Metro Line III.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has confirmed that almost EGP 174 bn were invested in Egypt's potable water and sanitation sector in the last six years.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said merely EGP 134.2 bn are planned for investment to build several seawater desalination plants nationwide, in response to a possible water crisis.
President Abdel-Fattah El-Sisi has inaugurated Adly Mansour Metro Station, as part of the fourth phase of developing Cairo Metro Line III.
The Administrative Capital for Urban Development (ACUD) has selected Benha Electronics and Suntech Egypt to build phase I of solar power systems on some public buildings in the New Administrative Capital (NAC), at an investment cost of EGP 140 mn.
Egypt is implementing phase III of the National Roads Project, at a cost of EGP 35 bn, including 17 projects with a total length of 1,300 kilometers.
The European Investment Bank (EIB) has agreed to provide EUR 1.9 bn (EGP 34.7 bn) in financing to support the development of Egypt's public transportation and back investment by COVID-hit companies, namely small- and medium-sized enterprises (SMEs).
Egypt's transport ministry intends to pump EGP 512 bn into 22 subway projects over the next four years, as the country's rapid transit system marks a vital plank of the state's infrastructure development program.
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