Egypt, AIIB collaborate to empower private sector    Egypt plans to invest EGP 9.7b in Suez governorate    EGP 8.711bn allocated for National Veal Project, benefiting 43,600 breeders    Egypt, Senegal seek to boost employment opportunities through social economy    Companies, associations' investments in MSMEs reach EGP 61.1bn in February 2024    Egypt's gold prices increase on Sunday    Partnership between HDB, Baheya Foundation: Commitment to empowering women    Venezuela's Maduro imposes 9% tax for pensions    20 Israeli soldiers killed in resistance operations: Hamas spokesperson    Health Minister emphasises state's commitment to developing nursing sector    Sudan aid talks stall as army, SPLM-N clash over scope    France deploys troops, blocks TikTok in New Caledonia amid riots    Microsoft eyes relocation for China-based AI staff    Abu Dhabi's Lunate Capital launches Japanese ETF    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Niger restricts Benin's cargo transport through togo amidst tensions    Egypt's museums open doors for free to celebrate International Museum Day    Madinaty Open Air Mall Welcomes Boom Room: Egypt's First Social Entertainment Hub    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt signs $4.5bn contract with Siemens for first high-speed electric rail system
660-km rail line to connect Ain Sokhna on Red Sea with Alexandria, Matrouh on Mediterranean
Published in Daily News Egypt on 01 - 09 - 2021

Egypt's Prime Minister Mostafa Madbouly witnessed the signing of a contract with German Siemens AG to implement the 660 km electric train network in Egypt connecting Ain Sokhna, on the Red Sea coast, with Matrouh on the Mediterranean coast.
The contract was signed by Siemens Mobility, Orascom Construction, Arab Contractors, and the National Authority for Tunnels (NAT) to design, install, and maintain Egypt's first high-speed rail system for 15 years.
The total contract value is approximately $4.5bn. In a joint venture with Arab Contractors, Orascom Construction's turnkey scope includes the track works, signaling, and overhead centenary, telecommunication system and traction power substations, while the 15-year maintenance scope encompasses the track works and telecommunication system.
Madbouly confirmed President Abdel Fattah Al-Sisi's continuous guidance to provide mass transportation at the highest level for Egyptian citizens noting that the president personally followed the steps of signing this contract, which will bring a civilized shift in transportation in Egypt.
Minister of Transportation, Kamel Al-Wazir, and Ambassador of Germany to Cairo, Frank Hartmann, also witnessed the signing ceremony.
It was also agreed to discuss and finalize other agreements for two other high-speed railway lines in the coming months, increasing the total distance of this new rail network to 1,800 km. The two additional lines will connect the Greater Cairo region; from the 6th of October City, along the Nile River, with Aswan and Luxor.
The Minister of Transport also indicated that the cooperation led by the German company will implement all work systems for the project, including signals, railway works, electromechanical works, in addition to the manufacture and supply of mobile units of all kinds, including express trains, regional trains, and electric tractors, As well as the supply and installation of railway works (rails and switches).
The minister added that the express train is characterized by a large transport capacity, which reduces traffic congestion and achieves higher safety for passengers and a better impact on the environment, which will serve the state's ambitious plan to develop Egyptian ports, including Sokhna port.
Al Wazir indicated that this train will enhance the infrastructure of the areas it passes through and help achieve urban sprawl, in addition to linking the new administrative capital and new cities to the railway network for transporting passengers and goods.
New electric trains are environmentally friendly and will constitute a major qualitative leap in the field of transportation.
President and CEO of Siemens AG, Roland Bosch, said Siemens Transport Systems is proud to support the efforts of the Egyptian government to develop the transport sector in the country, by establishing the first system of electric high-speed trains in Egypt, stressing that this strategic project will create many job opportunities, support economic growth and improve the quality of life for millions of Egyptians by providing an efficient, safe and advanced transportation system.
He added as one of the success partners of Egypt for decades, Siemens is committed to providing the latest smart technology solutions and continuous support to build and refine local skills and cadres within the framework of this project.


Clic here to read the story from its source.