The cabinet on Wednesday approved a 362 million euro agreement between Egypt and the International Bank for Reconstruction and Development for a project to develop Egypt’s railways signed in April. The project aims to raise safety and security, develop the quality of railway services on the Alexandria – Cairo – Naga Hamady axis, update safe signaling systems, and improve safety system asset management in addition to the development of human and institutional resources. The World Bank’s Board of Executive Directors in March approved a US$440 million loan to support Egypt’s initiatives to enhance the safety and service quality of the country’s railways. The Railway Improvement and Safety for
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