France's NGE announces deal to build 330km of high-speed trainline in Egypt (updated)

NGE Capital

23/02/2023 11:41

(Adds names of companies that awarded the contract)
       CAIRO, Feb 23 (Reuters) - French construction company
NGE has signed a contract to build 330km of a high-speed train
line connecting the Red Sea Port of Sokhna with Borg al-Arab
near the Mediterranean port of Alexandria, it said on Thursday. 
    Egypt's National Authority for Tunnels in May signed a
contract with Siemens Mobility, Orascom Construction  OC.DI  and
Arab Contractors to build about 2,000km of high-speed railway
for what would be the world sixth-largest such network.
    A section awarded to NGE is part of a 600km double-track
line that will further extend to Marsa Matrouh on Egypt's north
west coast, an NGE statement said. 
    Egypt will later build another line from Cairo to Luxor and
a third between Luxor and Hurghada on the Red Sea coast. 
    The construction will be carried out by NGE subsidiary TSO,
the statement said. 
    NGE declined to disclose the value of the contract, which it
said was awarded by Orascom Construction and Arab Contractors. 
 (Reporting by Patrick Werr
Editing by David Goodman)
 ((patrick.werr@thomsonreuters.com;))