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Monday, 19 June 2017

GE locomotives agreement increases domestic component to 50% from 35%

GE will use 50% domestic content in the 100 locomotives it is selling Egypt under a USD 575 mn contract announced this past weekend. That’s up from 35% under similar previous contracts, Investment and International Cooperation Minister Sahar Nasr said in a statement pdf). Judging from chatter on last night’s talk shows (above) the local content requirement will be met in part by having as many as 50 of the locos assembled in Egypt. GE will also supply spare parts and technical support for the new locomotives and 81 existing trains under a 15-year maintenance contract. The Boston-headquartered company is also set to provide training for 275 engineers and technicians from the Egyptian Railway Authority.

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