Minister of Transport Kamel al-Wazir attended Wednesday the signing of a cooperation protocol between the Egyptian Railway Authority (ERA) and Talgo for the company to build a factory in Egypt for the production of railcars.
The Ministry of Transport announced Wednesday the resumption of the supply of Hungarian railcars after months of suspension because global crises.
The Spanish company will also provide maintenance and spare parts for 15 years.
The Egyptian government has taken concrete steps to revamp Greater Cairo's first metro line.
The value of the budget that has been allocated to the rehabilitation of the railway sector is LE200 billion.
Prime Minister Mostafa Madbouli held Tuesday a meeting in Cairo with CEO of the African Funding Corporation (AFC) Samaila Zubairo and the accompanying delegation.
The units supplied belong to three different deals.
A contract worth €1 billion was signed with Transmashholding to supply 1,300 railcars.
The minister noted that Egyptian railways like other facilities affiliated to the ministry have been affected badly by negligence and abandonment for long.
The train was supposed to be delivered by the Spanish company in March, but a delay is likely to occur.
The total of units delivered of that category rises to 138
The company is aimed at renewing locomotives.
Investments in the railway sector are projected to be LE142 billion over one decade between 2014 and 2024.
A batch of Transmashholding railcars arrived to the Port of Alexandria on Wednesday.
The second batch of the third batch of Transmashholding railcars will arrive at Alexandria Port next week.
Source at ERA told Egypt Today that the delivery of the fifth batch of the General Electric train engines scheduled for mid-August has been postponed to September.
Sources at ERA told Egypt Today in July that the fifth batch of the train engines supplied by General Electric will arrive in August.
ERA is also constructing Bashtil Station at LE4.7 billion.
The batch will consist of 20 units bringing up the total supplied units to 90.
Twenty General Electric train engines arrived in Alexandria Seaport on Tuesday.