Gov’t issues int’l tender for 534 km electric railway line from Ain Sokhna to Al Alamein: The ministries of housing and transport have issued on Thursday a tender to build, operate and maintain a 534 km railway line linking Ain Sokhna with Al Alamein,Al Borsa reports. The railway will pass through the new administrative capital and 6 October City. The winning company will be expected to finance the project, with government-backed loans being the ideal situation, said Housing Minister Mostafa Madbouly. Bidding companies are expected to have completed projects worth EUR 5 bn, he added. This is the second major international transport tender in as many days, after the tender for the 6 October-Giza and Nasry City-new capital monorails was issued one day prior.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
FinMin targets EGP tns in new debt as it revises financing gap to EGP 4 tn
The new strategy aims to ease short-term pressure and expand…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…