Connect with us

Africa

Egypt to invest in $255million Electric train project

Published

on

Train Egypt to invest in Chinese funded electric trains

Egypt to invest in Chinese funded electric trains

Egypt to invest in Chinese funded electric trains


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.

Advertisement

Read Also Falling tree kills 12 at Portugal religious festival

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.

Advertisement

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

Copyright © 2015 - 2024 ChronicleNG

Discover more from Chronicle.ng

Subscribe now to keep reading and get access to the full archive.

Continue reading