The National Authority for Tunnels and Siemens Mobility have signed a memorandum of understanding (MoU) to design, install and commission Egypt’s first-ever high-speed rail transportation system.
The MoU has been inked together with local companies, Orascom Construction S A E and Osman Ahmed Osman & Company.
Additionally, Siemens Mobility will be providing maintenance services. The agreement comprises a rail system with a network of 1,000 km; with the first being a 460 km high-speed line. The order value of this initial high-speed line is around USD three billion.
The first 460 km long high-speed rail system will connect the vastly developing cities of El-Alamein on the Mediterranean Sea to Ain Sokhna on the Red Sea, while also passing through the New Administrative Capital.
The line will also be operable for freight transport purposes which will further foster economic growth in the region.