The agreement is for the design, installation and commissioning of Egypt’s first high-speed rail network measuring around 1,000km
Siemens Mobility has announced that it has signed an agreement with Egypt for the country’s first ever high-speed rail transportation system. The project consists of a network of around 1000km, with the first phase being a 460km project valued around $3 billion.
Scope of work includes the design, installation and commissioning of the high-speed rail transportation system. The agreement also includes turnkey engineering, procurement and construction as well as 15 years of maintenance services.
The memorandum of understanding (MoU) was signed by The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility, along with the local companies Orascom Construction and The Arab Contractors (Osman Ahmed Osman & Co.)
Joe Kaeser, president and CEO of Siemens AG, said: “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.”
Meanwhile, Michael Peter, CEO of Siemens Mobility, said: “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.”
He added that the system will significantly enhance passenger experience and reduce travel time for millions of Egyptian people.
The company noted that 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. It added that the line will also be operable for freight transport purposes which will further foster economic growth in the region.