The Transport Ministry is close to completing studies of the high-speed electric rail connecting Alamein and Ain Sokhna via Sixth of October, and will announce details on the project soon, minister Kamel El Wazir said on Sunday, according to Al Mal. The ministry is currently considering bids from two consortiums of predominantly Chinese companies for the project, which is expected to cost between USD 7-8 bn 8. The first consortium comprises Arab Contractors, Orascom, China Railway Engineering Corporation (CREC), and China State Construction Engineering, while the second includes Samcrete, state-owned Petrojet, China Civil Engineering Construction Corporation (CCECC), and China Railway Construction Corporation Limited (CRCC). We noted earlier this year that French state-owned railway company SNCF and Germany’s Siemens are part of the second alliance. It is unclear if they have pulled out.

Tags: