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2026-11-10T16:52:36.000Z

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Local Cars to Save $250M

Local Cars to Save $250M

The Ministry of Transport aims to manufacture locally the remaining passenger rail cars covered by the contract, after the Hungarian side ran into difficulties supplying the outstanding quantities. The contract covers 1,350 cars—1,300, with 50 added. Minister Kamel al-Wazir said Egypt would receive the cars that can be assembled in Hungary and manufacture the rest locally, saving around $250 million on the loan while paying the manufacturing costs in Egyptian pounds.

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