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Egypt signs USD 3 billion contract with Siemens Mobility for Turnkey Rail System
Maria Rose
Posted on: 2021-09-03 09:09:00
Viewer: 4,723
Comments: 0
Country: Egypt
City: Cairo
Cairo, Egypt (Urban Transport News): Siemens Mobility on September 1, 2021, announced that the company has signed a contract with the National Authority for Tunnels (NAT), in witness of the Egyptian Prime Minister and Minister of Transport, as well as the German Ambassador in Egypt to deliver a comprehensive rail system that will feature the first-ever high-speed, electrified main and freight rail line that will transform transportation in the Arab Republic of Egypt.
Together with partners Orascom Construction S.A.E. and The Arab Contractors, Siemens Mobility will provide its comprehensive turnkey services to design, install, commission, and maintain the systems for 15 years. The total contract value is approximately USD 4.5 billion, of which Siemens Mobility’s share is around USD 3 billion. The vast majority of the order intake is expected to be booked in 2022 after financial closing. It is the first contract to be signed from the MoU agreed upon between NAT and Siemens Mobility, Orascom Construction and The Arab Contractors in January 2021.
The contract signed today covers the initial 660 km out of the 1800 km rail network planned. Additionally, it was agreed to discuss and finalize the agreements on the two other high-speed railway lines including rail infrastructure and trains, and maintenance in the coming months.
“This high-speed train will strengthen the infrastructure of the areas it passes through and help achieve urban sprawl, in addition to linking the New Administrative Capital and new cities to the railway network for transporting passengers and goods,” said H.E Lieutenant General Kamel El-Wazir, Egyptian Minister of Transport.
“The project will also help promote tourism through a fast, modern, and safe means of transportation characterized by the highest levels of efficiency and safety to meet the needs and expectations of all Egyptians across the country which is considered a major leap in the field of rail transport. For its part, Siemens will provide its latest smart technology solutions, along with its continuous support to local skills development,” he added.
“We are proud to support the Egyptian government’s ambition to transform its transport sector by building its first high-speed electric rail network. This landmark project will create jobs, boost economic growth, and improve the quality of life for millions of people, by creating a more efficient, safe and sustainable transport system. As a long-standing partner to Egypt, we are committed to providing the most advanced technology and to supporting local skills development,” said Roland Busch, President and Chief Executive Officer of Siemens AG.
“We are honored and proud to become Egypt’s partner in constructing a state-of-the-art rail system that will transform the everyday travel for millions of Egyptian people. Our world-class trains will provide an enhanced passenger experience, and combined with our digital leadership in rail infrastructure, we will deliver a safe, reliable and efficient transportation system,” said Michael Peter, CEO of Siemens Mobility.
In addition to benefiting passenger travel, the first fully electric mainline rail network in Egypt will create thousands of local jobs and open up huge possibilities for freight transport.”
For this project, Siemens Mobility will deliver its Velaro high-speed trains, Desiro high-capacity regional train sets, and Vectron freight locomotives. A safe and reliable signaling system based on the latest computer-based interlocking technology and European Train Control System (ETCS) Level 2 will be installed, as well as the power supply system that delivers efficient and continuous energy. Furthermore, Siemens will provide and integrate the latest communications, safety and security systems that will create a pleasant passenger experience. The trains as well as all subsystems are based on the most modern and proven products and platforms. Siemens Mobility’s consortium partners will install the tracks, while the customer will build the bridges and facilitate the sub-construction.
Maria Rose
Maria Rose is an Independent Technology Journalist in London, United Kingdom. She is currently working with Urban Transport News as Special Correspondent in International News Division.