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Monday, 4 November 2019

Egypt purchases 70 new locomotives from Progress Rail Locomotive

The government has reached an agreement with the US’ Progress Rail Locomotive (PRL) to supply 70 locomotives by the end of June 2020, Transport Ministry Kamel El Wazir said on the sidelines of a conference. The minister said that President Abdel Fattah El Sisi reached an agreement with the company chairman on Saturday to reduce the price by USD 45 mn to USD 405 mn for 141 locomotives. The Transport Ministry said last month that it will sign a USD 430 mn agreement with PRL to purchase 50 new locomotives and repair 50 existing ones.

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