Giza governor Ali Abdel Rahman has decided to pay 5,000 Egyptian pounds (about $725) to compensate the families of each of those killed and 2,000 pounds to the injured.
Monday's accident took place shortly after train services resumed across the country after being halted following the dispersal of two main camps of ousted president Mohamed Morsi's supporters in Cairo and Giza in mid-August.
The worst accident in Egypt's 150-year history of the railways was caused by a fire in February 2002, leaving more than 300 people dead.