Egypt wants to build a railway linking the north of the country to Benghazi in eastern Libya. A project, supported by the Kuwaiti fund KFAED, which will also connect the south of the country to Sudan. In 2020, Egypt has earmarked $5.5 billion for railway investments.
Egypt plans to build a railway line linking the province of Marsa Matruh (in the north-west of the country) to Benghazi, Libya's second most populous city in the east, local media report, quoting Egyptian Transport Minister Kamel El-Wazir (photo).
Many observers see this project as an attempt by Egypt not only to improve economic ties, but also to consolidate its current political ties with eastern Libya, under the control of the forces of Marshal Khalifa Haftar.
The project, which is currently under discussion, is part of a wider programme of the Egyptian government to develop its rail transport network.
There are also plans to build a railway line that will link the Egyptian city of Aswan in the south and the Sudanese border town of Wadi Halfa over 300 km. This construction site is receiving financial support from the Kuwait Fund for Arab Economic Development (KFAED).
In recent years, Egypt has granted huge financial resources for the modernisation of the railway sector. For the year 2020 alone, the Ministry of Transport has devoted nearly 86 billion pounds (5.5 billion dollars) of its investment budget to the development of the railways.
In view of the major projects expected, this ministerial department should benefit from an additional state bailout of around £55 billion for the period from July 2020 to 2022.