The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility have signed a Memorandum of Understanding (MoU) to install Egypt?s first ever high-speed rail transportation system
Siemens Gamesa will design, install and commission the system together with local companies Orascom Construction S.A.E. and The Arab Contractors (Osman Ahmed Osman & Co.) Additionally, Siemens Mobility will be providing maintenance services. 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 this initial high-speed line is around US$3bn.
"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," said Joe Kaeser, CEO of Siemens. "After the highly successful energy Mega project, we are now keen to repeat this visionary spirit in the mobility sector together with our partners."
Michael Peter, CEO of Siemens Mobility, commented, ?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. The system will significantly enhance passenger experience and reduce travel time for millions of Egyptian people.?
The first 460 km long high-speed line will connect the developing cities of El-Alamein on the Mediterranean Sea to Ain Sokhna on the Red Sea, while also passing through the New Administrative Capital. The line will also be operable for freight transport purposes which will further foster economic growth in the region.