{"id":643034,"date":"2017-08-28T03:59:17","date_gmt":"2017-08-28T03:59:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/"},"modified":"2017-08-28T03:59:17","modified_gmt":"2017-08-28T03:59:17","slug":"is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/","title":{"rendered":"Is the gov\u2019t struggling to fund its share of USD 1.25 bn electric railway line?"},"content":{"rendered":"

The Transport Ministry appears to be struggling to arrange USD 500 mn to fund the government\u2019s expenditure on the USD 1.25 bn electric railway project linking Salam City to 10 October City signed with Chinese firm AVIC. The ministry is now in talks with the company is an effort to get it to finance its portion of the project. It has also apparently reached out to the Housing Ministry to contribute to the funding, though sources tell Al Mal<\/a> that the ministry is claiming that it is incapable of contributing to the project. China Export-Import Bank is covering USD 739 mn for the project. The ministry hopes to ink the final agreements with contractors \u2014 including Petrojet, Arab Contractors, Orascom Construction and AVIC \u2014 in September.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Transport Ministry appears to be struggling to arrange USD 500 mn to fund the government\u2019s expenditure on the USD 1.25 bn electric railway project linking Salam City to 10 October City signed with Chinese firm AVIC. The ministry is now in talks with the company is an effort to get it to finance its […]<\/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],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643034","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"51ad94e4-97f0-497e-ad1e-3836366604a9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642988],"teaser":"","voice_url":""},"yoast_head":"\nIs the gov\u2019t struggling to fund its share of USD 1.25 bn electric railway line? - 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\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the gov\u2019t struggling to fund its share of USD 1.25 bn electric railway line?\" \/>\n<meta property=\"og:description\" content=\"The Transport Ministry appears to be struggling to arrange USD 500 mn to fund the government\u2019s expenditure on the USD 1.25 bn electric railway project linking Salam City to 10 October City signed with Chinese firm AVIC. The ministry is now in talks with the company is an effort to get it to finance its […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-28T03:59:17+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is the gov\u2019t struggling to fund its share of USD 1.25 bn electric railway line?\",\"datePublished\":\"2017-08-28T03:59:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/\"},\"wordCount\":136,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/\",\"name\":\"Is the gov\u2019t struggling to fund its share of USD 1.25 bn electric railway line? 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Ministers authorized the National Authority for Tunnels to sign the contract, which will see RATP Dev \u2014 short for\u2026","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/369.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593931,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/14\/china-egypt-sign-usd-571-mn-in-contracts-for-electric-train-project\/","url_meta":{"origin":643034,"position":3},"title":"China, Egypt sign USD 571 mn in contracts for electric train project","author":"enterpriseam admin","date":"14 October 2019","format":false,"excerpt":"China has signed contracts worth USD 571 mn with Egypt for the maintenance and implementation of its planned Al-Salam City-new capital-Tenth of Ramadan electric train line, the Transport Ministry said in a statement. 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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":641096,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/","url_meta":{"origin":643034,"position":5},"title":"Transport Minister looks to the private sector to help it fund electric rail project","author":"enterpriseam admin","date":"12 September 2017","format":false,"excerpt":"Transport Minister Hisham Arafat urged the Tenth of Ramadan Investors Association to participate in funding the electric railway project linking Salam City with the new administrative capital during a meeting with the association yesterday, Al Borsa reports. 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