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Significance
Over the past two years, the government has been planning an overhaul of its decrepit and dangerous railway network through investment and plans for public-private partnerships. Since February’s crash, in particular, officials have spoken of the urgency of implementing these measures.
Impacts
Concessions on planned new railway lines will be much more appealing for private investors.
Large ticket price rises would likely generate popular discontent.
The involvement of the private sector could streamline investments in construction and tourism.
Successful improvement of the railways would reduce car usage, and thus fuel subsidies.
Keywords:
Egypt,
ME/NAF,
economy,
industry,
foreign investment,
infrastructure,
investment,
railway,
reform,
transport,
legislation,
prices,
Transport & logistics
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2019
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