Iran is not pursuing war: Revolutionary Guards chief    PM follows up efforts to improve government unified complaints system    Five foreign tourists killed in plane crash in Honduras    First Republican lawmaker says Trump engaged in impeachable conduct    LIVE: RS Berkane (Morocco) v Zamalek (Egypt) (African Confederation Cup)    Sylvinho to become Lyon coach: Club president    Kompany to leave Manchester City on a high after treble    Banking draft law to be sent to parliament for approval before end-May: source    UN condemns violence against Sudanese protesters    Policy on Cuba is an embarrassment for United States    Egypt launches National Investment Charity Fund to develop education    Al-Sisi pardons 560 prisoners convicted in cases from 2013 to 2017    Egypt to announce new electricity prices within days    MENA's first Vertebrate Palaeontology centre inaugurated in Mansoura University    Egypt ranks 4th among top nationalities visiting Saudi Arabia for Umrah    Egyptian museums' revenues increase by 70.5% in 2018: CAPMAS    Egypt's Sisi orders studies to maximize assets, investment returns for religious endowments ministry    Google Doodle celebrates Omar Khayyam, medieval mathematician, astronomer and poet    Hotter weather forecast for Egypt on Monday    New banking bill to be referred to parliament before end of May: CBE    Herman Wouk, author of 'The Caine Mutiny' and 'The Winds of War,' dies at 103    President Sisi salutes the martyrs of the armed forces on the 10th of Ramadan victory anniversary    Armed Forces kills 47 terrorists, destroys 29 hideouts in Sinai: spokesperson    Jürgen Klopp wins German Football Ambassador award 2019    Polish minister pops 'what if' question over US gas plans    Turkey set to pass economic legislation before Istanbul vote: Hurriyet    Ramadan, Egyptian style    Presidential decree pardons 560 prisoners    A present-day Aladdin: Mena Massoud, a new Egyptian star in international cinema    Despite losing EPL title, Salah joins list of back-to-back top scorers    Low-category ticket prices for Egypt's matches at AFCON 2019 reduced    Only one third of world's longest rivers remain free-flowing    Cannes Film Festival opens with Jim Jarmusch's The Dead Don't Die    Newsreel    No new rent law    Conflict vs dialogue    The alternative economy in Ramadan    Ramadan, Egyptian style    ‘Let there be light'    Algeria steps up arrest campaign    Three-way tie    14 minutes added on    Risks from inflation    Travelling out of the box    Lebanese singer Tania Saleh at the Opera House's Ramadan nights    Walking a Sufi path    In the palm trees    Egypt's laws regulating Constitutional Court and judicial authorities to be discussed by parliament    

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.