GE has signed a letter of intent (LoI) worth $575m with the Ministry of Transportation (MoT) and Egyptian National Railways (ENR) to supply 100 GE ES30ACi Light Passenger Evolution Series Locomotives.
The trains can be used for both passenger and freight rail, and are equipped with 12-cylinder, 3,200 horsepower GE Evolution Series engines. They also provide high-power output to offer better productivity, as well as flexibility in heavy-haul operations.
The parties have also signed a 15-year agreement for parts and technical support for GE locomotives in ENR’s new and existing fleet.
GE will provide technical training to 275 ENR engineers and employees under the new agreement, in a bid to improve local capabilities and technical skills.
GE vice-chairman John Rice said: “A common thread amongst national strategies across the globe is the provision of sustainable and advanced infrastructure, with transportation a particularly crucial component.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSee Also:
“We are working with the MoT and ENR on the entire process, from ensuring a competitive financing solution with partners to the manufacture and technical support for the locomotives, and the training and development of engineers.”
The strategic agreement is expected to support GE Transportation’s efforts to strengthen its global presence.
ENR chairman Medhat Shousha said: “We are looking forward to bringing the latest technologies to improve rail infrastructure in Egypt.
“Together with GE, we will work on enhancing the efficiency of rail transportation for both freight and passengers.”
GE has been operating in Egypt for more than 40 years and currently employs more than 700 personnel in the country.
Image: GE signs deal to develop rail infrastructure in Egypt. Photo: courtesy of General Electric.
