Egypt Railways investments until 2030 worth $11bn

Egyptian National Railways Authority’s long-term investment scheme for fiscal year 2015-16 until 2029-30 is estimated at 90 billion Egyptian pounds (US$11.3 billion), cheif Ahmed Hamed said Saturday.

The chief stated that the investment plan includes three axes; emergency plan which is estimated at 7.170 billion pounds, medium plan that worth 14.413 billion and long-term plan for FY2015-16 until FY 2029-30 estimated at 68.41 billion. All plans are divided upon different projects to develop and upgrade Egypt’s railways.