Rail technology company Vossloh has secured a contract worth more than €40m ($41.83m) to supply rail fastening systems for a new high-speed line in Egypt.

This comes as Egypt plans to increase rail investment over the following years and develop a 1,800km high-speed network in the country.

As agreed, the company will deliver the components for the line that will stretch from El Alamein to the city of Ain Sokhna.

A high-speed line is also planned to be built from El Alamein to Mersa Matruh. This will extend the planned double track line to nearly 660km.

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By GlobalData

The deliveries of rail fastening systems to the state-owned company National Authority for Tunnels (NAT) are slated to begin this year and continue to 2024.

A subsidiary called Vossloh Fastening Systems will supply the systems.

Vossloh Executive Board member Jan Furnivall said: “The new rail line will be designed for speeds of up to 250 km/h. It will shorten the travel times of millions of people by up to 50% while producing more than 70 percent fewer carbon emissions than road traffic.

“We are delighted to be able to make a substantial contribution to this landmark project in this region. Our extensive experience with the equipment of high-speed lines will allow us to create significant value for our customers.”

Vossloh focuses on delivering track-related products and services. Its product range includes rail fastening systems, concrete ties, switch systems and crossings.

In February this year, the company contract to deliver rail fastening systems for a high-speed line in China. The 200km line will run from Laixi to Rongcheng.

In the 2021 fiscal year, Vossloh reported sales of €942.8m.