(Image Credit: Siemens Mobility)
Munich, Germany (Urban Transport News): The National Authority for Tunnels, Ministry of Transport of Egypt and Siemens Mobility have signed a Memorandum of Understanding (MoU) together with the local companies Orascom Construction S.A.E. and The Arab Contractors (Osman Ahmed Osman & Co.) to design, install and commission Egypt’s first-ever high-speed rail transportation system. Additionally, Siemens Mobility will be providing maintenance services.
The agreement comprises a rail system with a network of 1000km, with the first being a 460km high-speed line. The order value of this initial high-speed line is around US$ 3 billion.
The MoU was signed by Essam Waly, Chairman of Egypt’s National Authority for Tunnels, and Michael Peter, CEO Siemens Mobility, in a meeting on January 14, 2021, in Cairo. This was witnessed by Prime Minister Mostafa Madbouly, Minister of Transport Egypt Kamel Al Wazir, as well as Siemens CEO Joe Kaeser and Siemens Deputy CEO Roland Busch.
Joe Kaeser, the President and Chief Executive Officer of Siemens AG, said:
We are honored 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.
“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,” said Michael Peter, CEO, Siemens Mobility.
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. The line will also be operable for freight transport purposes which will further foster economic growth in the region.