Egyptian Railway Activities

Egypt has signed a loan agreement with the Korean government for 243 million Euros facilitated by the Korea EXIM bank, to finance the manufacture and supply of 32 trains for the third and fourth stages of the metro. The Minister of Transport stated that for the first time, the percentage of the local component for the manufacture of trains will reach 30%. The first four trains will be supplied in conjunction with the opening of the fourth phase (B) at the end of 2019. Korean company, Hyundai Rot

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