Electric train to new administrative capital to cost USD 1.4 bn

It will cost some USD 1.4 bn to build an electric rail line linking Salam City with Tenth of Ramadan and to the new administrative capital bn, according to Zawya. China could provide as much as USD 725 mn in project financing, with the Egyptian state picking up the balance. The project is being implemented by a consortium of Egyptian construction firms including Petrojet, Arab Contractors, and Orascom Construction along with Chinese partners. We noted earlier this month that the government has cut the timeline for the project to 24 months from 30.