People travel on an overcrowded train in Cairo, Egypt in 2013 - Reuters
CAIRO – 16 September 2017: Egypt’s Cabinet approved a deal between the Railway Authority and General Electric (GE) to manufacture 100 train vehicles and spare parts and renovate 81 others, currently out of service, Minister of Transportation Hisham Arafat said on Saturday.
Arafat said that the contract, worth $575 million, would be signed within days and that the deal entails the provision and maintenance of the vehicles’ spare parts by GE for 15 years.
GE would also provide training to 30 engineers and 245 technicians of the authority at the company’s factories.
Few weeks ago, the Railway Authority signed a memorandum of understanding (MoU) with GE in the presence of Prime Minister Sherif Ismail. The Ministry of Transportation, to which the authority is affiliated, finalized with the company the terms of contract, timeline for the supply of vehicles and the technical specifications of the vehicles.