Egypt signs express electric train MoU with Siemens at cost of LE360M - News Summed Up

Egypt signs express electric train MoU with Siemens at cost of LE360M


The signing ceremony was witnessed by Prime Minister Mostafa Madbouli, and attended by Minister of Transport Kamel Al-Wazir, CEO of Siemens Joe Kaiser, and Executive Vice President of the company, Roland Bush. The agreement was signed by President of the National Authority for Tunnels Essam Wali, and Managing Director of the company Michael Peter. He stressed that this project reflects the depth of Egyptian-German relations, within the framework of President Abdel Fatah El-Sisi’s keenness to activate these relations in all fields. “While the German company will start the works of signals, communications, control and electrical systems in conjunction with these works, in addition to manufacturing and supplying 34 passenger trains and 10 tractors for the transport of goods,” he stated. pointing out that it is planned to complete the implementation of the project in full within two years from the date of activation of the contract signed with Siemens.


Source: Egypt Today January 14, 2021 12:56 UTC



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