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Parliament approves electric train expansion
The House of Representatives has approved the President of the Republic's decision to endorse the financing agreement for the second and third phases of Egypt's high-speed electric train network. This agreement was made with a consortium of European banks and is guaranteed by the German Export Credit Agency. The project is considered a strategic national initiative aimed at developing a modern transportation system and connecting the governorates through a safe and sustainable network. It also contributes to supporting economic and social development through low-interest financing and favorable terms. This comes within the framework of the state's efforts to enhance infrastructure and achieve comprehensive development.
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