More underground railway rolling stock has arrived in Egypt.
The seventh of 32 air-conditioned units was unloaded at the port of Alexandria, a ministry of transport statement said Tuesday.
The components for the first set of rolling stock to be assembled in cooperation with the Korean company Hyundai Rotem also arrived yesterday.
This comes within government efforts to support local industry in response to directives from President Abdel Fattah el Sisi.
The agreement with Hyundai Rotem includes an 8-year maintenance contract, which was signed between the Ministry of Transport, represented by the National Tunnels Authority, and the Korean side. The deal is also financed with LE640 million from government funds.
The project is funded with a soft loan of €317 million from the Korean government with a 20-year grace period, repayable over 33 years.
Ten trains out of the total of 32 trains will be assembled in Egypt through technical support from Hyundai Rotem.
The new trains will have a central aisle allowing passengers to move safely between cars, the ministry statement said, adding that CTTV will be installed and LCD will display travel information and paid advertising.
Hyundai has also built and supplied 6 trains for line 2 of the underground metro at a cost of $131 million as part of LE30 billion to develop the first and second lines.
Hyundai Rotem has supplied 20 trains, for the metro’s line 1.
Discussion about this post