Egypt's current account gap narrows, but overall BoP records deficit    Egypt's PM reviews debt reduction strategy, eyes more private investment    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt, India discuss expanding industrial, investment partnerships    World Bank proposes Egypt join new global health initiative    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian pound ticks down in early Tuesday trading    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt exports 175K tons of food in one week    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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    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.



Transport Ministry signed agreement of EGP 22bn to improve railway infrastructure
Agreement signed with Russia's TransMach Holding on Supplying, manufacturing 1300 railway vehicles
Published in Daily News Egypt on 27 - 09 - 2018

Egyptian Ministry of Transport signed on Tuesday an EGP 22bn agreement of supplying and manufacturing 1300 new railway passenger vehicles, in what might be considered the biggest deal in country railway history.
The new agreement was signed with the Russian-Hungarian alliance, led by Russia's TransMach Holding.
Prime Minister Mostafa Madbouly, Transport Minister Hisham Arafat, Minister of Military Production Mohamed El-Assar and representatives of the Russian company and the head of the Egyptian National Railways attended the signing.
In a press conference, Arafat said that the agreement will improve the level of service. He noted that other agreements on manufacturing railway cars also have been signed with the Ministry of Military Production.
Moreover, Arafat highlighted that the 1300 new railway cars equal 34% of all Egyptian railway vehicles. He added that the ministry is planning to achieve its plan to improve Egypt's railway infrastructure by 2020.
In previous statements, Arafat said that the country's railway needs EGP 45bn to improve the whole sector between 2017 and 2020.
Millions of Egyptians, including students and workers, depend daily on the railway, which is the focal point between the country's governorates.
However, Egypt's railways have suffered for a long time from lacking any safety standards through successive governments.
According to an official statement by the Egyptian National Railways and Central Agency for Public Mobilisation and Statistics in 2017, that 12,326 rail accidents took place from 2006 to 2017.
Since the beginning of this year, several railway accidents occurred which resulted in the killing and injuring dozens. The Badrashin accident is the latest in Egypt's railway crisis, which led to the killing of 15 and injuring 40 others.
Egypt's deadliest rail accident ever was in 2002, when a fire swept through an overcrowded train along a line south of Cairo, killing more than 370 people.


Clic here to read the story from its source.