posted on 14th Jan 2021 19:46
On 14 January 2021, the National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility have signed a MoU - together with the local companies Orascom Construction S. A. E. and The Arab Contractors (Osman Ahmed Osman & Co.) - to design, install and commission Egypt’s first ever high-speed rail transportation system.
Additionally, Siemens Mobility will be providing maintenance services. The agreement comprises a rail system with a network of 1,000km, with the first being a 460 km high-speed line. The contract value of this initial high-speed line is around 3 billion USD.
The MoU was signed by Essam Waly, Chairman of Egypt’s National Authority for Tunnels, and Michael Peter, CEO Siemens Mobility, in Cairo. This was witnessed by His excellency, Prime Minister Mostafa Madbouly, His excellency, Minister of Transport Egypt Kamel Al Wazir, as well as Siemens CEO Joe Kaeser and Siemens Deputy CEO Roland Busch.
The first 460 km long high-speed line will connect the vastly developing cities of El-Alamein on the Mediterranean Sea to Ain Sokhna on the Red Sea, while also passing through the New Administrative Capital. The line will also be operable for freight transport purposes which will further foster economic growth in the region. Siemens Mobility will also provide high-speed and regional trains, locomotives and other services.