EGX ends week in green area on 23 Oct.    Egypt's Curative Organisation, VACSERA sign deal to boost health, vaccine cooperation    Egypt, EU sign €75m deal to boost local socio-economic reforms, services    Egypt, EU sign €4b deal for second phase of macro-financial assistance    Egypt's East Port Said receives Qatari aid shipments for Gaza    Egypt joins EU's €95b Horizon Europe research, innovation programme    Oil prices jump 3% on Thursday    Egypt steps up oversight of medical supplies in North Sinai    Egypt to issue commemorative coins ahead of Grand Egyptian Museum opening    Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna    Inaugural EU-Egypt summit focuses on investment, Gaza and migration    Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egypt records 18 new oil, gas discoveries since July; 13 integrated into production map: Petroleum Minister    Defying US tariffs, China's industrial heartland shows resilience    Pakistan, Afghanistan ceasefire holds as focus shifts to Istanbul talks    Egypt's non-oil exports jump 21% to $36.6bn in 9M 2025: El-Khatib    Egypt, France agree to boost humanitarian aid, rebuild Gaza's health sector    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    The Survivors of Nothingness — Part Two    Health Minister reviews readiness of Minya for rollout of universal health insurance    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt launches official website for Grand Egyptian Museum ahead of November opening    The Survivors of Nothingness — Episode (I)    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt to revamp railways with 55bn pounds investments up to 2022: minister
Published in Amwal Al Ghad on 10 - 04 - 2018

Egypt's Minister of Transport Hisham Arafat has announced a project to revamp the national railway network, with 55 billion pounds to be invested up to 2022.
During a surprise visit to Giza railway station on the Sham El-Neseem holiday, Arafat told reporters that Egypt has "a clear and comprehensive plan to develop all aspects of the railway system, whether in infrastructure, tractors, train carriages and signals," Al-Ahram Arabic news website.
He said Egypt has signed deals with US company General Electric for the supply of 100 tractors and the refurbishing of 81 others, as well as access to funding for another 100 tractors.
He said his ministry will also sign deals for 1,300 passenger carriages and 300 others for cargo, emphasising that citizens will see an upgrade in the ailing system next year.
The minister's statements come nearly a month after Egypt's parliament finally approved several government-drafted amendments to the 1980 law that regulates the performance of the debt-laden Egyptian Railway Authority (ERA), with a view to rescuing the vital railways sector.
Parliament Speaker Ali Abdel-Aal described the amended law (Law No 152/1980) as a crucial step to reviving the ERA, which he said suffers from massive debts, outdated operation systems, and dilapidated train locomotives and wagons.
Egypt's railway system has a poor safety record, with frequent deadly collisions often blamed on lack of maintenance and poor management.
Last February, 12 people were killed when a passenger train collided with a cargo train in the northern governorate of Beheira.
In 2017, President Abdel Fattah al-Sisi highlighted the need to upgrade the railway network to prevent deadly accidents, stating that the system needs 180 billion Egyptian pounds (about $10 billion) to be modernised.
He made the statements shortly after an August train disaster in Alexandria that killed 41 people and injured some 179.
Source: Ahram Online


Clic here to read the story from its source.