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Monday, 20 November 2017

Military Productions Ministry want in on supplying railways with 1,300 cars

The Military Productions Ministry wants to get in on the international tender to supply 1,300 railway cars, Minister Mohamed Al Assar said, according to Al Borsa. The ministry has been in talks with the Transport Ministry on ways it can contribute to building and supplying railway cars and locomotives, he added. The Transport Ministry had issued a global tender for international companies to supply 1,300 railway cars for the National Railway Authority’s fleet, and is expected to announce the results next month. The ministry is currently deliberating between three rival bids from Italy, China, and a Hungarian-Russian consortium, Minister Hisham Arafat had said last week. In other railway news, the Transport Ministry is reportedly in talks with the World Bank Group for another loan to develop Egypt’s railway systems, ministry sources tell Al Shorouk. Last week, Arafat signed a USD 150 mn agreement with Thales Spain to supply an automated railway signaling system with funding from the WBG.

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