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The railway line can be constructed from Ain Sukhna on the southern finish of the Suez Canal, to Alexandria and the port metropolis of Marsa Matruh – from the Crimson Sea to the Mediterranean Sea in Egypt, in accordance with a particular report within the main German journal Der Spiegel.
Siemens reportedly outsmarted a Chinese language competitor for the challenge, in accordance with Der Spiegel report. “The challenge, which is backed by a Hermes mortgage assure from the German authorities, has broad political help in Berlin…,” in accordance with the report.
There are hundreds of thousands of Egyptians who will profit from this railway challenge. The road is scheduled for completion in 2027 and can later be prolonged upriver to Luxor and the resort metropolis of Hurghada, in accordance with Der Spiegel.
It would additionally present financial stimulus and create jobs for round 15,000 folks in Egypt within the first stage, in accordance with estimates supplied by challenge chief Siemens. Two Egyptian firms have been commissioned with the development of the route, and the challenge is progressing shortly, in accordance with the report.
“The order is paying homage to main infrastructure tasks that German firms constructed within the area through the Sixties and Nineteen Seventies, traces of which may nonetheless be admired right this moment in Saudi Arabia, Iran, Iraq and Nigeria,” Der Spiegel wrote.
China has been investing within the Mediterranean area. Chinese language firms function port terminals in Haifa, Israel, Port Stated, Egypt, and in Piraeus, Greece. The Chinese language firms have constructed a mosque advanced in Algeria and photo voltaic parks in Morocco. However a railway challenge in Israel by China by no means bought off but.
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