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Siemens to build 1,000-km electric rail network worth EGP 360bn in Egypt

Siemens to build 1,000-km electric rail network worth EGP 360bn in Egypt
The agreement includes building a railway line between Ain Sokhna and New Alamein City

Cairo – Mubasher: The Egyptian President Abdel Fattah El-Sisi held talks with the CEO of Siemens, Joe Kaeser, in Cairo to discuss the final agreement for establishing a 1,000-kilometre (km) high-speed electric rail network in Egypt at a cost of EGP 360 billion.

The agreement, which hasn’t been signed yet, includes the construction of a 460-km railway line which will connect Ain Sokhna to New Alamein City, passing through the New Administrative Capital, the Presidential Spokesman, Bassam Rady, said in a statement on Wednesday.

The 460-km railway line, which will include 15 stations, is expected to be complete within two years.