Egypt's stocks close lower on Tuesday as benchmark EGX 30 drops 0.47%    National Bank of Egypt wins licence to open Saudi Arabia branch    Egypt's iron and steel exports jump 197% in 8 months    Egypt's commodity exchange to start trading in cotton next year – minister    Egypt inaugurates world's largest water treatment plant    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Over 100 officials resign from Tunisia's main Islamist party    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egyptian court bans use of mosques for political purposes    Brazil calls up 8 EPL players for World Cup qualifying    Refugees in fear as sentiment turns against them in Turkey    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    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Huawei Technologies has invested $10 mln over 5 years in innovation centres in Egypt    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    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    UAE-based Alameda to invest around $318 mln in Egypt in five years    Egypt to be removed from England's red travel list on September 22    Jordan hosts energy meeting today to discuss transporting Egyptian gas to Lebanon    Russia permits airlines to resume flights from 49 cities to Egypt    Egypt's Abu Soma Development partners with KOMPASS Education    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    US emphasises AU's role in mediating Ethiopian damdispute    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







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



World Bank funding study to restructure Egyptian Railway Authority
Published in Daily News Egypt on 27 - 05 - 2018

Assistant Transport Minister Amr Shaat said that the World Bank is financing and supervising a study for the administrative restructuring of the Egyptian Railway Authority (ERA).
He explained that the comprehensive development plan will cost about EGP 56bn, including upgrading the railway signalling network with EGP 13bn in investments.
The government recently opened the way for the private sector to participate in railway projects. During the first quarter of this year, the government approved amending the articles regulating the work of the Egyptian Railway Authority, allowing the entry of local and foreign investment companies as partners in the authority's projects.
The authority is currently implementing a project to automate the signals of the Cairo-Alexandria railway in cooperation with the French company Thales. A Korean company is also negotiating the financing of the Nagaa Hammadi-Luxor automation project, financed by the Export–Import Bank of China. Siemens is also developing the Benha-Port Said line.
The Egyptian Railway Authority is preparing to submit the project of automating the signals of the Tanta-Mansoura-Damietta line to a consultancy office.
The Ministry of Transport is also supporting the authority in implementing a renovation project for 1,200 km of rail.
In the next few days, the Ministry of Transport will decide on a supplier for 1,300 carriages, on which 13 offers are competing, including alliances and companies from Russia, Hungary, Romania, Italy, and Spain.
Indonesia is seeking to enter as a partner in the Ministry of Transport's projects for the development of railways. A meeting will be held in coordination with the Indonesian ambassador to Egypt, Helmi Fawzi, to negotiate between companies from his country and officials of the ERA.
Meanwhile, the Ministry of Transport is preparing to carry out a comprehensive maintenance and development plan for the development of the first line of the Cairo metro between Helwan and El-Marg with investments amounting to about EGP 30bn.
The plan includes the purchase of 23 carriages and the renovation of 23 others, in addition to infrastructure and communications systems projects.
As for the second line, it is planned to buy six new trains and two locomotives, along with developing its signals in collaboration with the European Bank for Reconstruction and Development (EBRD) with investments of €175m.


Clic here to read the story from its source.