Rail News

DATE

September 03 , 2021


'Suez Canal on rails' - Egypt signs $4.5 bln high-speed rail deal

Reuters 
September 1, 2021 (CAIRO, Egypt) 

  • Siemens to build link with two Egyptian firms
  • Line designed to carry freight and passengers
  • Further links planned to connect southern Egypt

Egypt has signed a $4.45 billion deal for a high-speed electric rail line to link its Red Sea and Mediterranean coasts that contractor Siemens (SIEGn.DE) dubbed a "Suez Canal on rails".

The contract between Egypt's National Authority for Tunnels (NAT) and a consortium including Siemens Mobility, Orascom Construction (OC.DI) and Arab Contractors will cover design, installation and maintenance of the rail link over 15 years, a cabinet statement said on Wednesday.

The 660-km (410 miles) link will include a main line designed to carry more than 30 million passengers annually as well as a freight line, and will run between the Red Sea port of Ain Sokhna and the Mediterranean ports of Alexandria and Marsa Matrouh.

Ain Sokhna is a major port and industrial complex just south of the Suez Canal, the quickest sea link between Europe and Asia.

Source
https://www.reuters.com/world/middle-east/egypt-signs-445-bln-contract-high-speed-rail-link-2021-09-01/

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