Friday, May 1, 2015

Spain And Egypt Study Creation Of High-Speed Rail Between Cairo And Luxor - Eurasia Review

Spain And Egypt Study Creation Of High-Speed Rail Between Cairo And Luxor - Eurasia Review



The Minister for Transport of Egypt, Hani Sayed Mohamed Dahi, and Spain’s Minister for Economic Affairs and Competitiveness, Luis de Guindos, signed a Memorandum of Understanding on Thursday in Madrid to study the creation of a high-speed railway corridor between the Egyptian cities of Cairo and Luxor.

These studies could be financed under the Fund to Internationalise Business (Spanish acronym: FIEM) managed by Spain’s Ministry for Economic Affairs.

The MOU signed on Thursday will be the first step in developing technological co-operation between the two countries.

The Egyptian Government is greatly interested in modernizing the railway system in the country and, in particular, in boosting high-speed travel. Spain, in turn, offers recognized international experience and know-how in high-speed railways.