Railway agreement with France to be implemented in 2018

CAIRO – 25 October 2017: Transport Minister Hisham Arafat said that the Cabinet’s approval of the executive regulations of the investment law will facilitate the implementation of the agreements signed with the French side in the fields of railways and underground service.

The minister told CBC Extra satellite channel on Wednesday that the railway agreement will be implemented by the beginning of next year.

On Wednesday, the Cabinet approved during a meeting under Prime Minister Sherif Ismail the executive regulations of the investment law.

During his current visit to Paris, President Abdel-Fatah al-Sisi has witnessed, alongside his French counterpart Emmanuel Macron, the signing of a number of memoranda of understanding (MoUs) and agreements, worth some €400 million.