Egypt – Siemens receives billions of contracts – economy

Siemens is building the first electric rail network in Egypt. The group is already supplying ICE and regional trains, signaling posts and signaling technologies for three billion dollars in the first phase. The contract for the first 660 kilometers of the planned 1,800-kilometer high-speed network has now been signed, CEO Roland Busch said in Cairo on Wednesday. The overall project is three times the volume. Besides Siemens, two Chinese consortia and the French group Alstom had applied for the major order. A project of this magnitude cannot happen without political support, Busch said.

As a first step, Siemens wants to work with partner companies Orascom Construction and Arab Contractors to build a 660 kilometer road from Alexandria on the Mediterranean to the port city of Ain Sukhna on the Red Sea for passenger and freight traffic. . In a video conference with reporters, Siemens CEO Busch described the project as a “Suez Canal on rails” for the country’s economy.

Siemens accounted for two-thirds of the consortium’s total order volume of $ 4.5 billion, said Michael Peter, head of Group Mobility. Trains are built in Krefeld, locomotives for freight traffic in Krefeld and Munich, and signaling technology comes from Braunschweig. The Egyptians bought “the most modern of the moderns.”

The contract includes turnkey installation and maintenance for 15 years. The two additional roads must connect the capital Cairo with its 20 million inhabitants along the Nile with Aswan and Luxor via Hurghada with Safaga.

Negotiations on this subject should be concluded in the coming months. Busch said: “This flagship project will create jobs, stimulate economic growth and improve the quality of life for millions of people. Even the first route is designed for 30 million passengers and 1.3 million tonne-kilometers per year. Travel time will be reduced by approximately half. The first line will be gradually brought into service between 2023 and 2027.

The consortium will create more than 15,000 jobs locally, Busch said. Half of the added value comes from Germany. Egyptian Transport Minister General Kamel El-Wazir said: “The project will also help promote tourism through fast, modern and safe transport.

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