The Egyptian Prime Minister, Mostafa Madbouly, witnessed the signing of a memorandum of understanding (MoU) between the Ministry of Transport’s National Authority for Tunnels (NAT) and Siemens.
The MoU involves the establishment of a 1,000-kilometre (km) high-speed electric rail network in Egypt at a cost of EGP 360 billion, according to a cabinet statement on Thursday.
The first phase of the project includes the immediate construction of a 460-km railway line which will connect Ain Sokhna to New Alamein City, passing through the New Administrative Capital.
With a designated speed of 250 km per hour, the Ain Sokhna-New Alamein City electric rail will include 15 stations.
On Wednesday, the Egyptian President Abdel Fattah El-Sisi held talks with the CEO of Siemens, Joe Kaeser, in Cairo to discuss the final agreement for the project.
