The National Authority for Tunnels and Siemens Mobility have signed a Memorandum of Understanding to design and commission Egypt first high-speed rail transport system.
The agreement was also signed with the local companies Orascom Construction and The Arab Contractors (Osman Ahmed Osman & Co).
The agreement comprises a rail system with a network of 1,000 km, with the first being a 460 km high-speed line. The order value of the initial high-speed line is around USD 3 billion.
Siemens Mobility will be responsible for turnkey engineering, procurement and construction project, including the provision of 15 years of maintenance services. The manufacturer will deliver high-speed and regional trains, locomotives, rail infrastructure, system integration and will provide other services.
Egypt first high-speed rail line will have a length of 460 km connecting the vastly developing cities of El-Alamein on the Mediterranean Sea to Ain Sokhna on the Red Sea. The line will pass through Borg el-Arab, an industrial city in Alexandria region, Alexandria and New Administrative Capital towards Ain Sokhna. The line will also be operable for freight transport services which will further foster economic growth in the region.
“We are delighted that the Ministry of Transport is seeking to put their trust in us to deliver this important project. Our digital leadership and comprehensive turnkey services will bring an integrated and state of the art high-speed rail system, that will provide a technology boost for the country and create local jobs,” Michael Peter, the CEO Siemens Mobility said.
The agreement was signed on January 14, 2021, in Cairo, by Essam Waly, the Chairman of Egypt’s National Authority for Tunnels and Michael Peter, CEO Siemens Mobility.
The Prime Minister of Egypt, Mostafa Madbouly, the Egyptian Minister of Transport Kamel Al Wazir, Siemens CEO Joe Kaeser and Siemens Deputy CEO Roland Busch also attended at the signing ceremony.
“By building a high efficiency rail system for the country, we will support the Egyptian people with affordable, clean and reliable transportation,” Joe Kaeser said.