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Egypt: PM Denies Any Intention to Privatize Railways
Source: www.export-egypt.com 9/17/2017

Prime Minister Sherif Ismail denied the government's intention to privatize the railways.

"We are seeking to achieve a large leap in the railways in the coming period," Ismail told reporters, citing a contract signed with General Electric (GE) to provide new 100 locomotives to Egypt.

"The new locomotives will be operational at the beginning of 2018," the premier added.

As for a new law on state lands, Ismail said its executive regulations are being mulled by the legislative committee of the cabinet, before being referred the State Council



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