Egypt has resolved to invest on a $255 million electric train project that will run to the country’s planned new administrative capital.
The train which will also be funded by China, according to officials, will save millions of dollars in fuel subsidies and reduce traffic.
The railway will connect the Cairo suburb of Al-Salam City with the new metropolis east of Cairo.
The project is set to start within two to three months, the head of the National Authority for Tunnels (NAT), Mr. Tarek Gamal Al-Din, has said.
The project will be financed through a loan from China to be paid back over 20 years.
After it is completed, the project is expected to save the state $130 million in fuel subsidies and vehicle traffic.
It will also cut traffic by 30 per cent on a highway connecting the capital to the Suez canal at Ismailia port city, northeast of Cairo.
The train will be able to transport 340,000 passengers daily.
The railway, which will cover 68km and will mostly be above ground, will run through the northeastern Cairo suburbs of Badr and Al-Shorouk,
Source: APA
Copying/Pasting full texts is frowned upon by the community.
Some tips to share content and add value:
Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
If you are actually the original author, please do reply to let us know!
Thank You!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://adelove.com/2017/08/16/egypt-invests-in-chinese-funded-electric-train/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is big problem in egypt ..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit