440 million pounds targeted revenues from transporting goods by railways next year

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Source: The authority has received initial proposals from companies in the private sector to manage, operate and develop the merchandise sector

 

The Egyptian National Railways aims to transport about 5.7 million tons next year, at a cost of 440 million pounds.

A source in the authority said that the expected volume of transported during the current year amounted to about 4.7 million tons at a cost of 340 million pounds, noting that last year saw the transfer of about 4.6 million tons of goods.

The authority plans to increase the volume of transported goods to about 25 million tons of goods by 2030.
At the end of last month, the Egyptian National Railways called on companies specialized in the field of transport and logistics to present their perceptions of how the private sector can participate in the management, operation and development of the goods sector.

The meeting was attended by about 10 companies, including “DB Schenker”, “Aqar”, “Magnum”, “3A International” and “Minya Sugar”.
The “Boursa” obtained initial proposals from the advanced companies, and the source said, that the “Aqar” company requested to obtain a plot of land in Alexandria in the Al-Qabbary area as a receiving station for its goods via railways, which will work from Alexandria to Sokhna in transporting containers, explaining that the company aims to enhance investments in the coming period.
He pointed out that the Magnum company presented a vision for transporting stones to work on the dam project, which is targeted by the Damietta Port Authority during the current year, through the line linking the nearest railway to the port, especially that the company has many investments with the authority.
He pointed out that 3A International is working with the authority in its projects in the field of cargo transportation, and has presented a vision that enhances the expansion of its container transport activity to include strengthening the system, whether at the level of the number of transporting trains or trucks transported from its exchange stations to achieve growth in the volume of business.
He stated that the Minya Sugar Company, west of Mallawi, in the Minya governorate, south of Upper Egypt, submitted a study to transport large quantities of sugar beet through the Mallawi railway, and then load the beet after arriving at the station by road transport.

The article, 440 million pounds, targeted revenue from transporting goods by rail next year, was written in Al Borsa newspaper.