The Minister for Transport of Egypt, Hani Sayed Mohamed Dahi, and the 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 (FIEM) managed by the 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 modernising the railway system in the country and, in particular, in boosting high-speed travel. Spain, in turn, offers recognised international experience and know-how in high-speed railways.
Filed under: http://www.theleader.info/article/47185/
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