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Egypt signs $4.45 bln contract for high-speed rail link

CAIRO, Sept 1 (Reuters) - Egypt’s has signed a $4.45 billion contract for development of a high-speed electric rail line that will link the Red Sea and Mediterranean coasts and be built with a consortium led by Siemens, a cabinet statement said on Wednesday.

The contract will cover the design, implementation and maintenance of the rail link over 15 years, the cabinet said.

Reporting by Momen Saeed Atallah Writing by Aidan Lewis Editing by David Goodman

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