The company will manufacture and supply 100 locomotives to support air-conditioned trains operating on long lines.
The new batch is part of a deal between the ministry and the Russian Transmashholding company to export Egypt 1,3000 railway locomotives.
Thirty-three railcars had been delivered over two batches in May and July.
The first model of railcars to be supplied by the Russian-Hungarian consortium will arrive in Egypt in five months to be tested.
The approximate cost of the deal is $600 million.
The Ministry of Transportation implemented a plan to develop railways in 2017.
The offers are from Italy and Latvia, in addition to a joint Russian-Hungarian offer.