Egypt to build $ 4.5 billion high-speed rail line across deserts
Egypt: Passengers and cargo may cross the Egyptian desert on the country’s first high-speed train. The high-speed rail line will connect Cairo to the new administrative capital and surrounding new cities.
German company Siemens Mobility signed a contract with Egypt’s National Authority for Tunnels (NAT) earlier this month to build the first 660 km of the 1,800-kilometer network. The first line will connect the port city of Ain Sokhna on the Red Sea to Marsa Matrouh and Alexandria in the Mediterranean.
According to the company, the first part of the line will be operational in 2023. Siemens, which is partnering on the project with Orascom Construction S.A.E. And The Arab Contractors said the total contracts were worth about $ 4.5 billion, of which its stake was about $ 3 billion.