The economic and social development plan for the new fiscal year 2022/2023, submitted by Minister of Planning Dr. Hala Al-Saeed and approved by Parliament in its two chambers, Representatives and Sheikhs, emphasises the importance of the Egyptian government’s proactive steps to confront the shortage of international commodities, contain inflation, and address all other issues.
According to the plan, the economic authorities acquired the largest share of investments directed to the transport sector during the new fiscal year 2022/2023, at approximately 219. 7 billion pounds out of a total 306. 8 billion pounds, in order to implement and complete a number of unprecedented major development projects in the sector.
Transportation, led by a rapid electric train (Ain Sokhna / the New Administrative Capital / New Alamein City), monorail lines, and new metro lines. The project’s entire cost is over 159. 7 billion pounds, with the electric train (Adly Mansour / Tenth of Ramadan / New Administrative Capital) costing around 50. 8 billion pounds.
In addition to preserving the environment and saving fuel, the fast electric train represents a significant shift in Egypt’s mode of transportation because Egypt is implementing the longest electric railway in the Middle East and Africa, with a length of up to two thousand kilometres divided into three main lines, the first of which is a line similar to the Suez Canal.
Its strategic importance, as it will connect the cities of Ain Sukhna on the Red Sea and Alexandria, El Alamein, and Marsa Matrouh on the Mediterranean, and the second line with a length of about 1,100 km, extending from Cairo 6 October to Abu Simbel via Luxor and Aswan, and the third line with a length of about 1,100 km, extending from Cairo 6 October to Abu Simbel via Luxor and Aswan, and
This network connects 60 cities with trains capable of reaching speeds of up to 230 km/h, serving 90% of the population and transporting millions of people and tonnes of cargo each year.
The network will also link the capital to Upper Egypt’s rapidly growing economic districts.
For fiscal year 2022/2023, transportation investments of 306 billion pounds are planned.
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