The Egyptian National Media Authority:
President Abdel Fattah El-Sisi issued Decree No. 145 of 2023 approving the financing (loan) agreements signed by .
the Ministry of Transport represented by the National Authority for Tunnels, provided by several European banks.
with the guarantee of the German Export Development Authority in the amount of one billion and 991 million .
and 648 thousand and 246 euros, and the Italian Export Development Authority In the amount of 31,541,800,268 Euros.
to finance the project of constructing the first line of the high-speed electric train network between (Ain Sukhna-Alexandria-Alamein-Matrouh).
The House of Representatives had approved this decision in its session held on May 10, 2023.
Publication of the decision in the Official Gazette.