45 billion EGP needed to develop railway network

CAIRO - 14 May 2017: Developing the railway network needs over 45 billion EGP ($ 2.5 billion), since it has nott been developed for 70 years, while the population has increased by about 10 times, Transport Minister, Hisham Arafat revealed on Sunday.

“The railway system needs 700 new wagons which will cost 7.6 billion EGP, and 200 locomotives which will cost 12 billion EGP,” the minister said in televised statements.

“The alternative way to develop the railway system without increasing the ticket price is to increase the transport of goods, which will provide the railway authority with 300 million EGP,” Arafat said.