Latest news with #ProgressRail
Zawya
11-04-2025
- Business
- Zawya
Egypt signs $235mln contracts with US's PRL to modernize 100 locomotives
Arab Finance: Egypt's National Railways Authority signs three contracts with American company Progress Rail (PRL) to modernize 100 Henschel locomotives, supply spare parts for 141 units over 15 years, and provide technical support for 10 years, as per a statement. As part of a $235 million agreement witnessed by US Ambassador to Cairo Herro Mustafa Garg, the deal falls under Egypt's wider plan to upgrade its railway fleet and improve service quality for passengers and freight clients. The project is also expected to boost the availability and reliability of locomotives while cutting fuel consumption and emissions. Deputy Prime Minister and Minister of Industry and Transport Kamel El-Wazir said the contracts align with the Ministry's strategy to enhance the traction system and expand the share of freight transported by rail, helping ease pressure on road networks and increase railway revenues. The modernization program will see the installation of all-new locomotive components, including a new engine, EM2000 control system, electrical cabinet, air compressor, air brake system, and cooling system. Remaining major components will be overhauled using newly supplied spare parts. El-Wazir highlighted the operational benefits of the upgrades, noting a 50% cut in oil consumption and over 3% improvement in fuel efficiency, driven by new engine technology. He added that the move would also help reduce spare parts inventory by phasing out discontinued components and aligning with Egypt's EMD (JT42CWRM) fleet. The contract also supports Egypt's localization efforts. Overhauls of key reused parts—such as traction motors and main generators—will be carried out by the Egyptian Company for Railway Maintenance and Services (ERMAS), a subsidiary of the National Railways Authority. This will involve using some local components and transferring expertise under Progress Rail's supervision. El-Wazir noted that with the latest contract, Egypt has now added 210 new locomotives to its network. Meanwhile, 99 locomotives from the existing fleet have been rehabilitated in collaboration with major international companies. These upgrades come alongside routine maintenance of operational units, all within the framework of the Ministry's ongoing rail system overhaul. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Egypt Today
10-04-2025
- Business
- Egypt Today
Egypt, U.S. Strengthen Transport Ties with $235 Million Railway Modernization Deal
CAIRO – 10 April 2025: Egypt and the United States have signed a series of contracts valued at over USD 235 million, signaling a new phase in their economic cooperation and a major push to modernize Egypt's railway infrastructure. The agreements were signed between Egyptian National Railways and U.S.-based Progress Rail, reflecting both countries' shared commitment to enhancing transportation networks and supporting long-term development goals. The contracts are composed of three key components. The first is a USD 185 million deal to upgrade 1,000 diesel-electric locomotives, aiming to improve efficiency and performance across Egypt's rail system. The second agreement, worth USD 42 million, spans 15 years and ensures the ongoing supply of spare parts for 141 locomotives. A third contract allocates USD 5 million for a five-year technical assistance program to support those same locomotives, with an option to extend the partnership for an additional five years. This landmark deal is expected to create jobs, stimulate local industry, and deepen U.S.-Egypt trade ties. It also showcases the strategic role American companies are playing in Egypt's broader infrastructure transformation. Speaking at the signing ceremony, U.S. Ambassador to Egypt Herro Mustafa Garg highlighted the significance of the partnership, saying, 'I am thrilled to witness the signing of these contracts, which bring mutual prosperity to Egypt and the United States. The United States is proud to support Egypt's expanding railway infrastructure, a key driver of economic growth and regional stability.' The agreement not only marks a turning point in Egypt's transportation sector, but also reinforces the growing momentum of U.S.-Egyptian collaboration across critical development areas.
See - Sada Elbalad
10-04-2025
- Business
- See - Sada Elbalad
U.S. and Egypt Sign $235 Million Contracts to Modernize Railway Infrastructure, Strengthening Bilateral Economic Ties
Basant Ahmed The U.S. Embassy in Cairo is pleased to announce the signing of three significant contracts between Progress Rail, a U.S. company, and Egyptian National Railways. The contracts, valued at over $235 million, will support the supply and service of locomotives, marking a major milestone in U.S.-Egyptian business cooperation and creating jobs. The signing ceremony took place on Wednesday, April 9, 2025, at the Ministry of Transportation in the New Administrative Capital. The contracts include the modernization of 1,000 diesel electric locomotives valued at $185 million, a 15-year agreement to supply parts for 141 locomotives worth $42 million, and a five-year technical assistance services contract for 141 diesel electric locomotives valued at $5 million, with an option to extend for an additional five years. In her remarks, Ambassador Herro Mustafa Garg expressed her enthusiasm for the partnership, stating, "I am thrilled to witness the signing of these contracts, which bring mutual prosperity to Egypt and the United States. The United States is proud to be part of the expanding railway infrastructure in Egypt, and our companies look forward to playing a significant role support railway infrastructure expansion, which is crucial for driving economic growth and stability in the region." read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
