Egypt signs new contracts with US train maker PRL worth USD 466.3 mn
The Railways Authority has signed four contracts worth a combined USD 466.3 mn with American Progress Rail Locomotive (PRL) to supply 50 new locomotives, upgrade 50 others, completely overhaul 41 old locomotives, and provide maintenance for all 141 for a 15-year period, according to a cabinet statement. This brings the total new locomotives expected to enter service to 260 along with overhauling 172 others. PRL agreed to lower the price by USD 20 mn following a meeting with President Abdel Fattah El Sisi, company executive Osama Hegab told Al Shorouk. A similar contract was recently signed with PRL to supply 70 locomotives by the end of June 2020.