Live
- Hyundai Motor India Limited Announces 2024 Edition of ‘Hyundai Always Around’ Campaign
- World Quality Day: Hindustan Zinc Reaffirms Commitment to Superior Product Quality & Innovation
- Samsung TV Plus Announces the Launch of Four New FAST Channels From Viacom18 Exclusively on Samsung Smart TVs
- Arun Pandey 3.0 set to revolutionise lottery industry with Great Goa Games (GGG)
- How Organisations Can Support Mobile Workforces with Diabetes - From Prevention to Management
- Google Rolls Out Real-Time Spam Detection Feature for Pixel Users
- Marriott international and Samhi hotels announce strategic expansion, sign agreement to open three more properties in india
- Telangana Group-4 Results Declared: 8,084 Candidates Selected for 8,180 Posts
- 2024 Is Shaping Up to Be the Smallest Black Friday Ever: GoDaddy Study
- LG LAUNCHES NEW XBOOM SERIES, WITH POWERFUL SOUND WITH PORTABILITY AND STYLE
Egypt signs $4bn contract for 1st electric train line
Egypt signs $4bn contract for 1st electric train line
Egypt has signed a contract to establish the first line of the electric express train in the country, which will link the Red Sea and the Mediterranean Sea, according to a government statement
Cairo: Egypt has signed a contract to establish the first line of the electric express train in the country, which will link the Red Sea and the Mediterranean Sea, according to a government statement.
Prime Minister Mostafa Madbouly attended the signing ceremony of the contract on the line from Ain Sokhna to Matrouh on Wednesday, reports Xinhua news agency.
"The 660-km-long line will be designed and implemented with maintenance operations for 15 years valued at $4.45 billion," the statement added.
The project will be implemented in cooperation with the National Authority for Tunnels and an Egyptian-German consortium under Siemens, the Arab Contractors company and Orascom.
Madbouly said the project represents a leap in the field of Egypt's transportation and will contribute to achieving swift development.
Minister of Transportation Kamel al-Wazir said that the new train will transport passengers and goods by connecting Ain Sokhna at the Red Sea with Matrouh at the Mediterranean Sea, passing through the new administrative capital, Helwan, 6th of October City, Alexandria, Borg Al-Arab, and Alamein city.
The consortium would carry out all the project systems including signals, communications and electro-mechanics and design carriages and maintenance workshops, he added.
Noting that "the contract would be enforced as of today," the Minister said that Siemens company will provide continuous support for strengthening local workers' capabilities.
