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Worldwide and Native Alliances Bid for Renovation of Key Egyptian Railway Line Valued at $285 Million
Monday, September 30, 2024
4 worldwide and native alliances have offered technical and monetary proposals to the Egyptian Railways Authority for the renovation of the Rubiki-Tenth of Ramadan-Belbeis railway line, a mission valued at roughly $285 million, as confirmed by authorities officers to Asharq Bloomberg.
The Tenth of Ramadan railway is a part of a strategic initiative by the Egyptian Ministry of Transport, marking the second of seven deliberate logistical corridors to be developed over the following 5 years. These corridors purpose to attach Egypt’s Mediterranean and Crimson Sea ports to inland dry ports and logistical areas, encouraging using railways for freight transport as a substitute of conventional trucking strategies. This initiative is designed to boost the effectivity of freight transportation, cut back street congestion, and decrease carbon emissions.
The bidding alliances embody:
A consortium of France’s Alstom, Concrete Plus, and Egypt’s Pioneers of Fashionable Engineering.
The Dhaka Bangladesh Group.
GTS, a part of the Spanish CBS Group, partnering with Orascom Building of Egypt.
A consortium comprising France’s Hitachi, Italy’s Mermec and Salchev, and Egypt’s Al-Hazq.
The mission prices are divided into two segments: the primary phase, totaling $220 million, covers exterior parts, together with upgrading railway infrastructure, signaling techniques, and enhancing security measures. This will likely be financed by gentle loans from the French Growth Company and the European Financial institution for Reconstruction. The second phase, exceeding EGP 3 billion, will likely be funded regionally by the Egyptian Railways Authority, specializing in native labor and supplies to spice up the economic system.
Along with bettering freight logistics, this renovation mission goals to create job alternatives, stimulate native economies, and promote using sustainable transport strategies. All the mission is anticipated to be accomplished inside three years from the contract signing, with an anticipated begin date for development in early 2025.
This bold initiative aligns with Egypt’s broader financial objectives, which embody enhancing transportation networks, selling commerce, and supporting sustainable growth inside the area. The profitable implementation of the Rubiki-Tenth of Ramadan-Belbeis railway line renovation may set a precedent for future infrastructure initiatives throughout the nation.
