The allocations also included EGP 220m for the NMA to meet its obligations towards workers in September.
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$67.9m guarantee issued to purchase 295,000 tonnes of imported wheat
Minister of Finance Amr El-Garhy approved EGP 4.6bn in urgent allocations for May to the General Authority for Supply Commodities (GASC), Egyptian National Railways, the General Authority for Health Insurance, and the National Media Authority. The allocations included EGP 4bn for the GASC, which is the value of the financial support for the goods bought …
A number of Polish companies are planning to inject new investments in the auto parts, engine oil, and railways sectors in Egypt.
General Electric’s contract will be activated after being officially signed in August: Shousha
The ministry allocates EGP 2.2bn for the Supply Authority to support the monthly supplies cards, as well as EGP 100m to provide facilities for industrial zones
SEMAF delivered 11 air conditioned stainless steel metro carriages for the ERA
Production index for metals and transportation equipment increases, while food index drops
Ministry of Finance dedicates EGP 74.1m for operation of non-economic railway lines and student subscriptions, says Abdel Fattah
Agreement includes five projects in electricity sector, six transportation projects and four Chinese direct investments projects
Reports on the potential increase in railway fares last emerged towards the end of 2014, and quickly faded after it sparked widespread ire amid unofficial claims ticket prices will rise by 15%.
Reuters – Kenya’s TransCentury said on Tuesday that it has sold its 34% stake in Rift Valley Railways (RVR) to Egyptian private equity firm Citadel Capital. Citadel said it bought the shares for $37.8m, raising its stake to 85%. Uganda’s Bomi Holdings owns the rest. RVR, operator of the sole rail line linking Kenya’s Indian …
Service between the capital and Upper Egypt governorates had been suspended since 14 August before being resumed and later suspended again on Saturday
Recent unrest resulted in a halt in railway traffic causing losses
More trains will run over Eid, in anticipation of increased demand
Blocking railways went against the interests of citizens who suffer from constant delays within the transportation sector
Egypt has a long history of railway accidents. Over the past 20 years more than 1,500 people have lost their lives to train collisions and derailments. The disastrous situation of the railway system continued since the 25 January uprisings with new victims. The Daily News Egypt explores the reasons for the recurring accidents and speaks to top managers from the Egyptian National Railways and workers close to the problems.
French company granted rights to install electric signals at an estimated cost of $270m
World Bank stresses importance of supporting Egypt, Qandil pushes for railway funding
Train collies with taxi in Ard Al-Lewa in Giza while Egypt still reeling from Badrashein train crash
Protestors disrupt trains and hold a sit-in at Ramses station to pressure governor for new rail crossing
Train collides with microbus near the village of Shabshir
Pakistan detaches itself from bounty announced by minister, as president is scheduled to speak on religious harmony in UN general assembly