Oil Egypt accountACCOUNT King Tut

Egypt Signs $575m Agreement with GE for 100 multi-use Locomotives

Source: Al Ahram Online 6/17/2017, Location: Egypt

Share |
Egypt signed a $575 million agreement with General Electric Co for GE to provide 100 new multi-use locomotives, 15 years of technical support and spare parts, and maintenance and upgrades of 81 trains, the government said.

Transport Minister Hisham Arafat said in a government statement the first shipment of 25 locomotives would arrive in 2018 as part of a plan to have 25 million tonnes of goods transported via railway by 2022.

The agreement also includes GE carrying out maintenance and upgrades on 81 trains the Egyptian National Railways bought in 2008, and training Egyptian engineers.

The agreement comes nearly a week after Arafat and minister of investment and international cooperation Sahar Nasr met with the CEO of GE Egypt Ayman Khattab to discuss GE proposals to contribute to developing the Egyptian railway network through procuring 100-200 train carriages, 35% of which to be manufactured in Egypt.

Egypt >>  11/15/2017 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...
Egypt >>  11/14/2017 - Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt. ...

Egypt >>  11/14/2017 - Russia’s largest oil producer Rosneft will invest more than $2 billion in Egypt’s Zohr gas field in the next four years, the company said in a present...
Egypt >>  11/13/2017 - The newly named MV Kobi Ruegg has joined Fugro’s vessel fleet and is set to begin her first project in the Egyptian sector of the Mediterranean Sea. ...

Egypt >>  11/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed a new upstream agreement in East Esh El Malaha area” Offshore Magawish” betwee...
Egypt >>  11/4/2017 - Bonatti Group has been awarded an electrical and instrumentation contract for the development of Zohr, the supergiant gas field discovered in 2015 in ...

Related Categories: Barges  Commercial Vehicles - Buses  Commercial Vehicles - Trucks  Commercial Vehicles - Vans  Float Equipment  Flotation Cells  General  Helicopter  LNG Carriers  Passenger Cars  Tankers 

Related Articles: General  LNG Carriers  Tankers 

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us