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IsDB to finance first phase of Egypt’s high-speed railway with $344.5mln
4 Apr 2023 | Tuesday Source: Zawya
The board of executive directors of the Islamic Development Bank (IsDB) thumbed up a $344.5 million fund to contribute to the first phase of the high-speed electric train project in Egypt, the IsDB announced on April 1st.
The first phase extending over 660 kilometers will connect Ain Sokhna on the Red Sea to Marsa Matrouh and Alexandria on the Mediterranean with the aim of providing access to safe, affordable, accessible and sustainable transportation systems.
