The Egyptian Minister of Transport, Lieutenant General Kamel al-Wazir, revealed, yesterday, Saturday, that the cost of the express train will exceed 360 billion pounds, but for all stages, not the new stage of El Alamein (Ain Sokhna only).
He said on the “mbc Egypt” channel, that “one of the high-speed trains will reach the city of Sallum in western Egypt, and from there to the Libyan city of Benghazi,” stressing that the main goal of the project is “to link the regions of Egypt together, and link them to neighboring countries.”
He also pointed out that “Egyptian companies” are responsible for “carrying out construction works for lines and establishing stations,” noting that the train “will extend in its second phase to Upper Egypt, starting from Hurghada, and linking it to the governorates of Qena, Safaga and Luxor, and then a third phase of October to West Nile cities and new cities. “
In the context of talking about the cost of the project, the minister explained the mechanism, and explained that “it will be paid after 6 years of implementing the project, and up to 20 years,” stressing that Cairo “will not pay any sums during the first 6 years to implement the project, and it will start to pay after that over the course of a period of time.” 20 years”.