Floating four companies for railways in Egypt to investors

The Egyptian Ministry of Communications decided to float four railway companies to Egyptian, Arab and foreign investors at a cost of $653 million.

Meanwhile a prior study said that the projects include El-Tebin railways, valued at $75 million, and Ismailia Rofah railways valued at $286 million.

The third project is the Simaf company for strategic investment, valued at $80 million, while the fourth project is upgrading f El-Saloom railway, valued at $230 million. The projects aim at improving the service of land communication in northwestern Egypt.