Elsewedy Electric and Deutsche Bahn join forces

Elsewedy Electric and Deutsche Bahn join forces

Sharm al-Sheikh:– In conjunction with the UN Climate Change Conference (COP27), held in Sharm al-Sheikh, the Egyptian government has awarded the contract to operate the country's first high-speed rail network to Elsewedy Electric and the German Deutsche Bahn International Operation (DB IO) which has an initial term of 15 years. The signing was witnessed by Prime Minister of Egypt, Dr. Mostafa Madbouly, Transport Minister of Egypt, Kamel al-Wazir, and German Ambassador to Egypt, Ambassador Frank Hartmann.

The contract was initialed by the three parties represented by Chairman of National Authority for Tunnels (NAT), General Sherif Hassan Lail, CEO DB E.C.O. Group, Niko Warbanoff, President & CEO Elsewedy Electric, Ahmed El Sewedy, and Chief Innovation Officer Elsewedy Electric, Emad Ghaly.

The state-of-the-art high-speed network will comprise three lines. Set to connect the metropolitan regions of Cairo, New Administrative Capital and Alexandria, the first line of the transport network (dubbed the "Suez Canal on rails") will cut travel time in half for 30 million people as early as 2025. Two additional lines and 60 stations will eventually connect Abu Simbel, Luxor and the Red Sea port of Hurghada to Cairo and the rail network. Once the new network is completed, 90% of Egypt's population