The megaproject is set to cost $7 billion for a 484-km railway.
Connecting the Mediterranean and the Red Sea through a direct railway line, the planned Alamein-Ain Sokhna railway is set to offer an efficient, high-speed commuting option for travellers between Ain Sokhna, the New Administrative Capital, Cairo and Sahel, coming as part of the government's plan to overhaul the economy and, for the first time in history, move population masses outside of the Nile Valley.
The project was announced over a year ago, and Shorouk News reported on Saturday that two business alliances just submitted their project bids to the Egyptian government. The first bid is from an alliance of two Chinese companies, Germany's Siemens, and France's national railway company, while the second is jointly submitted by two Chinese companies and two Egyptian ones - including the army-owned Arab Organization for Industrialization.
The cost of the 484-km line is set to total at $7 billion (EGP 120 billion), with its first phase set to connect the New Administrative Capital with 6th of October. The winning alliance is to be announced next month, according to Shorouk News.