Egypt’s Transport Minister, Russian-Hungarian consortium discuss 1,300 rail cars deal

Egyptian Transport Minister Kamel El-Wazir on Thursday held a meeting with a delegation from Russian-Hungarian consortium Transmashholding-Hungary Kft to discuss the measures taken to put into effect a contract to supply Egypt with 1,300 new passenger rail cars.

Egyptian Transport Minister Kamel El-Wazir with the Russian Ambassador in Egypt Sergey Kirpichenko at the meeting on Thursday, 28 March (Photo Credit: Ahram)

The meeting was attended by Russian ambassador in Cairo Sergei Kirpichenko.

El-Wazir said the railway deal is the largest in Egyptian history, noting that it will constitute a giant leap for the sector.

The two sides discussed the financial terms of the contract, which is being implemented in cooperation with the the Ministry of Investment and International Cooperation.

Source: MENA

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