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Wednesday, April 15, 2015

Chinese company wins Egyptian track upgrading contract

Written by  Shem Oirere
Chinese company wins Egyptian track upgrading contract Richard Gennis

EGYPTIAN National Railways (ENR) has awarded a $US 600m track upgrading contract to China Civil Engineering Construction Corporation (CCECC), a subsidiary of China Railway Construction Corporation (CRCC).

This is an initial contract for track work on the network, and both parties will negotiate a detailed agreement to determine exactly what work needs to be done.

Egypt's Ministry of Transport allocated ENR $US 850m for upgrades to the network for the 2014-15 financial year, although ENR estimates that it needs to spend around $US 10.5bn over the next few years to bring the network up to a satisfactory condition.

ENR awarded a €100m contract to Alstom in January to resignal the 240km Beni Suef – Asyut section of the Cairo – Luxor line.

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