Tuesday 24 October 2017
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thefinancialexpress
4 months ago

Egypt, GE ink $575m railway deal

Egypt signed a $575 million agreement with General Electric Co on Saturday 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

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