A statement from the Council of Ministers, on Tuesday, stated that the contract is 15 years old, renewable in the same period, as part of Egypt’s plans to expand the establishment of sustainable green transport networks.
The two-week agreement was signed on the outskirts of the Climate Summit (Cup 27), which was hosted by Egypt in Sharm El-Sheikh.
The second and third lines are slated to be assigned to the German company as well to reduce the issues of overlap between more than one operator, according to what the Egyptian Minister of Transport, Kamel, said. The contract for management and operation of the electric train network will reportedly be in exchange for the Egyptian government receiving a percentage of revenues.
The minister said that in order to transfer experiences for the Egyptian employees, the German partner stressed that the percentage of Egyptian employees should not be less than 90% of the total number of employees of the company.
According to the statement, the National Authority for the Egyptian Tunnels is currently implementing the high -speed electric train lines network with a length of about 2000 km (passengers and goods), the first line that is the new link between the Red and Mediterranean Bahrain, and extends from Ain Sokhna on the Red Sea coast, which is considered one of the most important The new Alamein, with a length of 660 km, is the logistical port for Egypt and even Marsa Matrouh on the Mediterranean coast. It is implemented by a number of Egyptian contracting companies to carry out civil works in collaboration with the German company Siemens to carry out electromechanical works and mobile units.
Regarding the second line, it runs for a distance of 1100 km from Fayoum to the city of Abu Simbel in the extreme south, passing through all governorates on the tribal face. According to the cabinet statement, passing through Hurghada.
Egypt signs the agreement for the network’s first electric train line.
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