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General Electric to Invest $575 Million in Egypt’s National Railways

The deal is considered the largest to ever take place between the parties.

A $575 million deal has just been signed between General Electric (GE), Ministry of Transportation (MoT), and Egyptian National Railways (ENR) which will see the company supply Egypt with 100 ES30ACi Light Evolution Series Locomotives to revamp the country’s interstate rail network. According to Africa Business, the agreement also stipulates that GE will provide parts and technical support to ENR for the next 15 years, as well as providing more than 275 local ENR engineers with the required technical training needed for maintenance.
Seeing as this is the largest agreement of its kind between the parties, the signing was attended by Prime Minister himself Sherif Ismail, Minister of Investment Sahar Nasr, and Minister of Transportation Hesham Arafat, among other government dignitaries.

In addition to transporting people, the upgraded system ensures the efficiency of freight transportation by rail.

Photo: DNE

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