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Wednesday, 23 August 2017

Transport Ministry talks rail upgrades with H. Cegielski, Bombardier

Transport Minister Hisham Arafat discussed railway upgrades with a delegation from Poland’s H. Cegielski – Poznań S.A. and Bombardier’s Italian arm, Al Mal reports. Cegielski is reportedly looking to manufacture new locomotives locally and provide training for workers in the field. The project would be financed through a Polish government facility with a 25-year maturity, the newspaper adds. Bombardier is also expected to soon finalize procedures for Egypt’s purchase of USD 10 mn worth of spare parts. Discussions over railway upgrades rose to the forefront of public debate after a train collision earlier this month killed more than 40 people.

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