On the sidelines of their meeting with the President, Abdel Fattah El-Sisi and the Prime Minister, Mostafa Madbouly, Elsewedy Electric and German Deutsche Bahn International Operation (DB IO) have signed a term sheet with the National Authority for Tunnels for the operation and maintenance of the high-speed network projects in Egypt. In the presence of the Transportation Minister, Kamel El Wazir, NAT Chairman, General Sherif Lail, Elsewedy Electric President and CEO, Ahmed El Sewedy, DB ECO Group CEO, Niko Warbanoff, and Elsewedy Electric Chief Innovation Officer, Emad Ghaly.
The state-of-the-art high-speed network will comprise three lines; the green line with 660km projected to connect between Ain Sokhna, El Alamein and Marsa Matrouh cities, the blue line projected to be 1,100 km long and run between Greater Cairo and Abu Simbel, and the red line will cover 225 km, connecting the sites in Luxor with Hurghada and Safaga harbor by the Red Sea.
The term sheet that was signed yesterday in Alamein City comes as Egypt scales up its sustainability efforts in preparation for hosting the UNFCCC’s upcoming COP27.
Investing in the country’s long-term development, the Egyptian government has selected the highest qualified contenders to manage the operation and maintenance of this railroad including the hiring, training, and transfer of knowledge to local talents.
General Kamel Al-Wazir discussed the ministry's efforts to crystallize the agreement between the National Authority for Tunnels and the German company, to manage and operate the high-speed electric train network in Egypt with its three lines, with a total length of 2000 km, in partnership with the private sector represented by Elsewedy Electric.
Elsewedy Electric also boasts a history of constructing and operating mega projects including Egypt’s biggest dry port, as well as remarkable transportation and infrastructure projects.