Siemens Mobility has signed a memorandum of understanding with the National Authority for Tunnels, a government body under the auspices of the Ministry of Transport of Egypt.
The MoU includes local companies Orascom Construction S.A.E. and The Arab Contractors (Osman Ahmed Osman & Co.). The agreement is for the design, installation and commissioning of Egypt’s first high-speed rail network measuring around 1,000km. Siemens Mobility will also provide 15 years of maintenance services.
Siemens Mobility to install a high-speed rail network in Egypt
The first project of 460km is worth in the region of 3 billion USD.
The MoU was signed in Cairo, Egypt’s capital, on 14 January 2021. The signatories were Essam Waly, Chairperson of Egypt’s National Authority for Tunnels, and Michael Peter, CEO of Siemens Mobility.