Egypt has signed four agreements worth EUR 690 million (EGP 39.48 billion) to modernize two major railway freight corridors linking industrial zones, dry ports, and seaports, according to an announcement by French rail manufacturer Alstom on Friday, 19 June. The agreements, signed between Egyptian National Railways (ENR) and a consortium led by Alstom alongside Egyptian firms Rowad Modern Engineering and Concrete Plus, will upgrade the 6th of October City–Alexandria corridor and the Belbes–10th of Ramadan railway line. According to Alstom, the projects aim to improve freight movement, strengthen national logistics, and enhance connectivity between industrial hubs and key ports on both the Mediterranean and Red Sea coasts. The larger of the two projects, valued at EUR 550 million (EGP 31.47 billion), will modernize the railway corridor connecting 6th of October City and Alexandria through new digital signalling systems, upgraded telecommunications infrastructure, reinforced power systems, and track rehabilitation. The upgrades are expected to reduce travel times along the route by nearly 80 minutes. A second project, worth EUR 140 million (EGP 8.01 billion), will modernize the Belbes–10th of Ramadan railway line, improving freight transport to one of Egypt’s largest industrial zones.Continue reading "Egypt Signs EUR 690 Million Rail Modernization Agreements"
The post Egypt Signs EUR 690 Million Rail Modernization Agreements first appeared on Egyptian Streets.
