Siemens Mobility has signed a memorandum of understanding with the National Authority for Tunnels, a government body under the auspices of the Ministry of Transport of Egypt.
The MoU includes local companies Orascom Construction S.A.E. and The Arab Contractors (Osman Ahmed Osman & Co.). The agreement is for the design, installation and commissioning of Egypt’s first high-speed rail network measuring around 1,000km. Siemens Mobility will also provide 15 years of maintenance services.
The first project of 460km is worth in the region of 3 billion USD.
The MoU was signed in Cairo, Egypt’s capital, on 14 January 2021. The signatories were Essam Waly, Chairperson of Egypt’s National Authority for Tunnels, and Michael Peter, CEO of Siemens Mobility.
“We are honoured and proud to expand our trustful partnership with Egypt. By building a high-efficiency rail system for the country, we will support the Egyptian people with affordable, clean and reliable transportation. After the highly successful energy Mega project, we are now keen to repeat this visionary spirit in the mobility sector together with our partners.”
The first 460km project will connect El-Alamein on the Mediterranean coast with Ain Sokhna on the Red Sea via the New Administrative Capital. The line will also be open to rail freight.
Siemens Mobility will provide high-speed and regional trains, locomotives, rail infrastructure, system integration and other services.
