Qalaa Confirms Intentions To Sell Interests In RVR

Qalaa Holdings has confirmed that preliminary negotiations are on-going with several prospective local and international investors for the sale of its stake in Rift Valley Railways (RVR). The company...

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Five Fatalities in Train Accident - Cairo

Five people died in a Cairo when a passenger train derailed after leaving Cairo for the Southern city of Aswan this week. According to reports, the train operator engaged the train’s braking system...

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Egyptian National Railways Restructuring Project

In 2015, the European Bank for Reconstruction and Development announced a loan agreement with Egypt to the value of €126 million, for the country’s Railways Modernisation Programme. The project aims...

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Railway expansion in Egypt

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Establishment of a Navigational Line between Lake Victoria and the Mediterranean Sea (VICMED) Project

The Government of the Arab Republic of Egypt has received a grant from the African Development Bank (acting as administrator for the Korea-Africa Economic Cooperation Trust Fund) to finance part of...

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South Korean loan to Egypt

In the course of a signing ceremony of nine cooperation agreements on 3 March, South Korea agreed to a loan to be made to the Egyptian railway authority. This followed a summit meeting between...

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African economic summit in Egypt

More than 1,200 delegates, including heads-of-state, attended a two-day African economic summit in Egypt which ended on 21 February. African Export-Import Bank president Benedict Oramah was quoted...

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China building new light rail in Egypt

A new 70km light rail electric system is to be built in Egypt with 12 stations and trains running up to 120kmph.  Design, tracklaying and trial operation is to be undertaken by Chinese companies....

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Railway expansion in Egypt

Egypt's economy has experienced sustained growth in the last four years due in large part to the increasing stability of its government and its commitment to investing in ambitious large-scale...

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Cairo metro Line 6

According to Egypt’s State Information Service in Cairo, a new 24km section of line is to be built in Cairo, comprising Line 6 of the city’s metro. Initial estimates of cost are around $US3.5 billion....

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