Egypt has signed a $4.45-billion deal for a high-speed electric rail line to link its Red Sea and Mediterranean coasts that contractor Siemens dubbed a "Suez Canal on rails". The contract between Egypt's National Authority for Tunnels (NAT) and a consortium including Siemens Mobility, Orascom Construction and Arab Contractors will cover design, installation and maintenance of the rail link over 15 years, a cabinet statement said on Wednesday.
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