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Ahram Online
The Egyptian Ministy of Transport received 10 new locomotives from the United States on Thursday. They are the first batch of a 110-locomotives agreement signed between the Egyptian government and the European Bank for Reconstruction and Development (EBRD).
“The deal is part of the transport ministry plan to replace and upgrade the current fleet of rail engines, increase the number of trips made and improve the service provided in order to meet the demand of railway passengers”; minister of transport Kamel El-Wazir said.
“These are the first new locomotives to join the fleet of the Egyptian Railway Authority since 2009”; he noted.
“The new locomotives will contribute towards increasing the proportion of goods transported by rail and reduce the burden on roads, in addition to increasing the financial revenues of the national railway service”; Wazir added.
Al-Wazir pointed out that the railway’s own resources, from tickets, fines, railway assets, and advertisements, covered the first batch of locomotives, at a cost of $27.05 million; while the total value of all 110 tractors will reach $602.05 million.
