Parliament not happy about loans for rail project, demands investment instead

House Economic Committee member Amr El Gohary is not happy at the prospect of taking on more loans to finance the Alamein-Ain Sokhna high-speed electric rail project, the construction of which he tells Al Mal should be funded through local and foreign investments. China had pledged USD 1.2 bn to help finance the EGP 70 bn project back in July.