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Wednesday, 7 August 2019

Egypt signs contract for metro trains and locomotives with Hyundai Rotem, Socofer

The National Tunnels Authority signed two contracts with South Korea’s Hyundai Rotem and France’s Socofer to provide 6 new metro trains and 2 locomotives for line 2 of the Cairo metro, according to a Transport Ministry statement. Hyundai will provide the new trains at a cost of USD 131 mn and the first train will arrive after 2 years. Socofer will provide the locomotives at a cost of EUR 3.7 mn. The contracts will be partially financed through an EUR 100 mn loan from the European Bank for Reconstruction and Development (EBRD). The new purchases are part of an EGP 30 bn plan to revamp Lines 1& 2 of the Cairo Metro.

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