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Egypt's transport minister discusses 1,300 rail cars deal with Russian-Hungarian consortium

MENA , Thursday 28 Mar 2019
Egypt's Transportation Minister Kamel El-Wazir (R) with the Russian Ambassador in Egypt Sergey Kirpichenko at the meeting on Thursday, 28 March (Photo: Ahram)

Egypt's Minister of Transport Kamel El-Wazir held a meeting on Thursday 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 railcars.

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.

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