EGYPTIAN National Railways (ENR) has signed an agreement with the Korean Economic Development Cooperation Fund (EDCF) for a US$251.6 million soft loan to finance upgrades to the signaling system on the 224 km Luxor - High Dam line.

The modernization plans include introducing new passenger cars and locomotives, inspecting old trains, modernizing the signaling system, expanding new lines, enhancing train stations and level crossings, establishing control towers, and installing inspection cameras. The Egyptian government has set the improvement of its railway system as one of its priorities and it plans to invest US$220 billion into it by 2024.