ICEC

Egypt gets 9 bids for Red Sea to Mediterranean rail tender

Egypt said on Tuesday it received 9 bids to establish a high-speed railway between the Red Sea and the Mediterranean.

The project will connect the eastern resort of Ain al-Sokhna to El Alamein, a town west of Alexandria that was scene of a battle in World War Two.

The bids came from 9 consortia representing between five and six Egyptian construction firms, deputy transport minister Amr Shaat said, without giving any names.

The ministry has completed in cooperation with consultant offices all the project’s documents for the alliances, Shaat added, saying presenting financial offers will start at the end of October.

The project is part of the country’s 55 billion Egyptian pounds ($3.1 billion) investment in the railway sector.

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