White & Case advises Egyptian government on Egypt’s first high-speed rail network
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Global law firm White & Case LLP has advised the Egyptian government, represented by the National Authority for Tunnels, on the award of the contract for the operation and maintenance of Egypt's first high-speed rail network to Deutsche Bahn and El Sewedy Electric.
The agreement, with a total value exceeding €1 billion, was signed during COP27 and witnessed by Egypt's Prime Minister Dr. Moustafa Madbouli and Minister of Transport Lieutenant General Kamel El Wazir.
The first phase of the rail network, expected to be inaugurated in 2025, will link the Mediterranean Sea to the Red Sea. Once completed, the 2,000 kilometre network will be the sixth largest in the world. The project is part of the Egyptian government's strategy to implement and promote environmentally friendly and sustainable modes of transportation, an objective in which it has invested over €12 billion to date
The White & Case team in Cairo which advised on the transaction comprised partner Said Hanafi, association partner Ziad Gadalla and associate Samih Talaat.
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