Siemens Mobility inks $8.7 billion offer for high-speed rail in Egypt

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Siemens Mobility inks $8.7 billion deal for high-speed rail in Egypt

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A train travels through a station inEgypt The task including Siemens Mobility will utilize trains that can reach a leading speed of 230 kilometers per hour, and the line will be completely energized.

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A brand-new high-speed railway is pertaining to Egypt, with designer Siemens Mobility stating it will connect 60 cities throughout the nation.

The fully-electrified lines will see trains with a leading speed of 230 kilometers per hour and travel from the Red Sea to the Mediterranean, to name a few locations.

According to Siemens Mobility, the electrification of the network will decrease carbon emissions by 70% when compared to making journeys by bus or vehicle. It included that the task would lead to the world’s “sixth largest high-speed rail system.”

Siemens Mobility– an individually handled business of commercial giant Siemens– signed the agreement to establish the railway with the Egyptian National Authority for Tunnels, along with consortium partners The Arab Contractors and Orascom Construction.

In a declaration Saturday, Siemens Mobility stated its share of the integrated agreement would total up to 8.1 billion euros, or around $8.7 billion. This figure consists of a 2.7 billion euro agreement checked inSept 2021 for the task’s preliminary line.

The brand-new network in Egypt will be comprised of 3 parts: a formerly revealed 660- kilometer line connecting Ain Sokhna, on the Red Sea, to Alexandria and Marsa Matrouh on Egypt’s Mediterranean coast; an approximately 1,100 kilometer line in between Cairo and Abu Simbel, near to the border with Sudan; and a 225 kilometer stretch in between Luxor and Hurghada on the Red Sea.

“Together with our partners, we will develop from scratch a complete and state of the art rail network that will offer a blueprint for the region on how to install an integrated, sustainable, and modern transportation system,” Michael Peter, the CEO of Siemens Mobility, stated.

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The International Energy Agency has actually explained rail as being “one of the most energy-efficient transport modes.” It is accountable for 9% of around the world motorized guest motion and 7% of freight, the IEA states, however just represents 3% of transportation energy usage.

It does, nevertheless, rely greatly on oil, which represented 55% of the sector’s overall energy intake in2020 Under the IEA’s situation for a net-zero energy system by the year 2050, oil usage in rail would need to drop to “almost zero” by the middle of the century, being changed by electrical energy– for the large bulk of rail energy requires– and hydrogen.

On the hydrogen front, Siemens Mobility is among a number of business that has actually been dealing with hydrogen trains. Others consist of East Japan Railway and European train producer Alstom, which has actually currently brought guests in Germany and Austria on hydrogen trains.