CAIRO – President Abdel Fattah El Sisi issued decree no 145 of 2023 approving the agreements to finance the first line of the Electric High-Speed Rail (HSR) between (Ain Sokhna- Alexandria-Alamein-Matrouh).
The financing is provided by several European banks, with a guarantee from the German export development authority and the Italian export development authority, to finance the project.
The agreement was signed by the Transport Ministry, represented by the National Authority for Tunnels (NAT).
During its session on May 10, the House of Representatives approved the two financing agreements.
The decree was published in the official gazette.
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