Investment in high-speed train in Egypt reaches 7.3 billion euros
Minister of Transport Ibrahim el-Demeiry - YOUM7/Kareem Abdul Kareem
By SARA OSAMA SHOUREAP

CAIRO:  Investments in the project of the high-speed train in Egypt reached 7.3 billion euros, and it is set to pass from north to south through five governorates, Spanish Newspaper El Mundo said Tuesday, according to Youm7.

The Ministry of Defense chose the path of the high-speed train in the Western Desert to aid the current and future urban agglomerations, Minister of Transport Ibrahim el-Demiery said in a Sunday press conference.

The newspaper added that the train will move at the speed of 350 kilometer per hour, and stops at Alexandria, Giza, Asyut, Luxor and Aswan.

Head of Thales Company in Spain Jesus Sanchez Barjaz said that he is trying to renew the contract for an additional 100 million euros with the Egyptian authorities to update the railway crossings.

In 2013, Thales Company signed a contract with the Egyptian authorities for 109 million euros to update the railway crossings between Cairo and Alexandria, to continue for 4 years, according to El Economista Spanish newspaper.

The updates will help in adjusting the railway of the train in addition to increasing the speed of the train from 140 kilometers in one hour to 160 kilometers in one hour.

The adjustments in the railway will also facilitate constructing the high-speed train.

According to Thales’ official website, in May 26, 2013, the Egyptian National Railway Authority signed a contract valued at over 109 million euros during the rule of Former President Mohamed Morsi, to update the “signaling systems on the Cairo-Alexandria corridor.”

The Ministry will begin the first stage of the project from Alexandria to Giza (220 kilometers) in December 2014, with the cost of 18.32 billion EGP, and is set to take three years, with 50 million passengers annually, Demiery said during the Sunday conference.

Demiery added that the Ministry of Defense had a great role in determining the path of the train from Alexandria-Aswan, in addition to participating in the current studies.

He added that the international advisory office will present the final studies of the project next month, to complete the legal procedures at the end of June, in order to start the coordination stage with the Cabinet and the rest of the governmental bodies from July until December.

Additional reporting by Fatma Shawqi.

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