Orascom Construction has announced that its consortium with Siemens Mobility and Arab Contractors has signed a memorandum of understanding with the National Authority for Tunnels (NAT) to design, install and commission Egypt’s first high-speed rail network covering 1,000 km.
The high-speed line will stretch across 460 km and has an order value of around $3 billion. This initial line, which will also be operable for freight transport, will connect Ain Sokhna to Al Alamein while passing through the New Administrative Capital.
Osama Bishai, CEO of Orascom Construction, commented: “We continue to build on our track record as a major player in the transportation sector. Following our joint success with Siemens on Egypt’s mega power projects, we are pleased to partner once again with our long-term repeat partner. This project will connect distant parts of Egypt in a sustainable manner while contributing to the infrastructure and economic development of the country.”
The scope of the project includes turnkey engineering, procurement and construction as well as 15 years of maintenance services.
“We are honoured and proud to expand our trustful partnership with Egypt. By building a high-efficiency rail system for the country, we will support the Egyptian people with affordable, clean and reliable transportation,” said Joe Kaeser, the President and Chief Executive Officer of Siemens.
Michael Peter, CEO Siemens Mobility, said: “Our digital leadership and comprehensive turnkey services will bring an integrated and state of the art high-speed rail system, that will provide a technology boost for the country and create local jobs. The system will significantly enhance passenger experience and reduce travel time for millions of Egyptian people.”