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PRESS RELEASE


Egyptian Cabinet Approves First High-Speed Train

Aug. 27, 2015 (EIRNS)—Egypt’s cabinet has approved the implementation of the country’s first high-speed train project, northeast of Cairo, according to the Cairo Post. The train appears to be a new line that will link major communities on the periphery of the Cairo metropolitan region. The new train line will pass through Egypt’s new administrative capital city to Cairo’s east, which is expected to become home to about five million residents.

"The first phase of the project, scheduled to be completed in two years, will cover approximately 67.8 kilometers and will include 12 stations and 22 trains of 6 carriages each,"

Transport Minister Hani Dahy said.

The project will be carried out in cooperation with the Chinese government and holding company Aviation Industry Corporation of China (AVIC) in a deal that was signed ahead of President Abdel Fatah el-Sisi’s visit to China in December 2014. AVIC is the same company that is involved in setting up a factory in Egypt to build passenger railway cars. The train project will be financed by the Chinese company through concessional conditions and a repayment duration of up to 20 years, said Dahy.

Egyptian President el-Sisi will be returning to China to visit in September.