{"id":595098,"date":"2019-09-16T03:40:38","date_gmt":"2019-09-16T03:40:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works\/"},"modified":"2019-09-16T03:40:38","modified_gmt":"2019-09-16T03:40:38","slug":"egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works\/","title":{"rendered":"Egypt in talks with int\u2019l financiers to fund railway electromechanical works"},"content":{"rendered":"

The Transport Ministry is in talks with international financiers to fund railway signaling system upgrades for the Giza-Beni Suef and the Luxor-Aswan lines, Minister Kamel El Wazir said, according to Al Mal<\/a>. France\u2019s Alstom is reportedly bidding to develop the Giza-Beni Suef line. The government is planning to spend EGP 56 bn in five years to upgrade signaling systems across the country, EGP 17 bn of which will be acquired from foreign lenders.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Transport Ministry is in talks with international financiers to fund railway signaling system upgrades for the Giza-Beni Suef and the Luxor-Aswan lines, Minister Kamel El Wazir said, according to Al Mal. France\u2019s Alstom is reportedly bidding to develop the Giza-Beni Suef line. The government is planning to spend EGP 56 bn in five years […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9291],"tags":[2370,72,7087],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595098","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","tag-finance","wpautop","entry"],"acf":{"mongo_id":"868ecfc7-a29c-4cfa-a9cc-779e6bf4bf29","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[595070],"teaser":"","voice_url":""},"yoast_head":"\nEgypt in talks with int\u2019l financiers to fund railway electromechanical works - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in talks with int\u2019l financiers to fund railway electromechanical works\" \/>\n<meta property=\"og:description\" content=\"The Transport Ministry is in talks with international financiers to fund railway signaling system upgrades for the Giza-Beni Suef and the Luxor-Aswan lines, Minister Kamel El Wazir said, according to Al Mal. France\u2019s Alstom is reportedly bidding to develop the Giza-Beni Suef line. The government is planning to spend EGP 56 bn in five years […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-16T03:40:38+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt in talks with int\u2019l financiers to fund railway electromechanical works\",\"datePublished\":\"2019-09-16T03:40:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\",\"Finance\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-in-talks-with-intl-financiers-to-fund-railway-electromechanical-works\/\",\"name\":\"Egypt in talks with int\u2019l financiers to fund railway electromechanical works - 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French company Alstom was invited to bid for the tender last year but was recently rejected for being overpriced.","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627067,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/transport-minister-invites-frances-alstom-to-bid-on-upgrading-giza-beni-suef-railway-line\/","url_meta":{"origin":595098,"position":1},"title":"Transport Minister invites France\u2019s Alstom to bid on upgrading Giza-Beni Suef railway line","author":"enterpriseam admin","date":"18 July 2018","format":false,"excerpt":"France\u2019s Alstom was invited to bid on the tender for upgrading the Giza-Beni Suef railway line, Transport Minister Hisham Arafat said yesterday. Alstom is already working on railway projects in Egypt, including the development of the Cairo Metro Line 3. 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Magdy Saleh, general manager at Intelligent Micro Solutions (IMS), the local agent for one of the Chinese companies, said that their\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570468,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/01\/your-top-5-infrastructure-stories-of-the-week\/","url_meta":{"origin":595098,"position":3},"title":"Your top 5 infrastructure stories of the week","author":"enterpriseam admin","date":"1 April 2020","format":false,"excerpt":"Your top 5 infrastructure news of the week: The Cairo Airport Company has launched a EGP 1 bn tender for local companies to renovate the airport\u2019s Terminal 2 over five years.The Transport Ministry has received bids from three international consortiums to build the second container terminal at Damietta Port in\u2026","rel":"","context":"In \"ABB Group\"","block_context":{"text":"ABB Group","link":"https:\/\/enterpriseam.com\/egypt\/tag\/abb-group\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568341,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/more-world-bank-railway-funding\/","url_meta":{"origin":595098,"position":4},"title":"More World Bank railway funding?","author":"enterpriseam admin","date":"27 December 2020","format":false,"excerpt":"The Transport Ministry is in talks with the World Bank for two loans worth a combined USD 400 mn for a planned railway upgrade project, Al Shorouk reports, citing unnamed government sources. The potential funding packages would include USD 200 mn to finance the transition to an electric railway signaling\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/440.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571071,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/nra-in-talks-with-banque-misr-national-bank-of-egypt-for-egp-3-bn-loan\/","url_meta":{"origin":595098,"position":5},"title":"NRA in talks with Banque Misr, National Bank of Egypt for EGP 3 bn loan","author":"enterpriseam admin","date":"28 April 2020","format":false,"excerpt":"The National Railways Authority is closing in on a EGP 3 bn loan agreement with Banque Misr and the National Bank of Egypt to finance the authority\u2019s transition to an electric railway signaling system and the purchase of spare parts for its fleet, according to Al Mal. 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