GE Transportation, Egypt’s Ministry of Transportation (MoT) and Egyptian National Railways (ENR) have signed a Letter of Intent, worth $575 million, for the supply of 100 GE ES30ACi Light Evolution Series Locomotives.
The signing was attended by Sherif Ismail, Egypt’s Prime Minister; H.E. Dr. Sahar Nasr, minister of investment and international cooperation in Egypt; H.E. Dr. Hesham Arafat, minister of Egypt transportation; Robert Beecroft, U.S. ambassador to Egypt; Medhat Shousha, chairman of ENR; and John Rice, vice chairman of GE and president and CEO of GE’s global growth organization.
The Letter of Intent includes a 15-year agreement for GE to supply parts and technical support for GE locomotives in ENR’s new and current fleet, and also includes technical training to improve technical skills for more than 275 ENR engineers and employees in region.
“A common thread amongst national strategies across the globe is the provision of sustainable and advanced infrastructure, with transportation a particularly crucial component,” remarked John Rice.
“What is exciting about this partnership is its truly holistic nature,” added Rice. “We are working with the MoT and ENR on the entire process – from ensuring a competitive financing solution with partners to the manufacture and technical support for the locomotives, and the training and development of engineers. This is what it takes to be a true partner, engaging at all levels to offer comprehensive end-to-end solutions."
The new locomotives are equipped with a 12-cylinder, 3,200 horsepower GE Evolution Series engine, which delivers high power output to enable enhanced productivity and flexibility in heavy haul operations. The locomotives can be used to transport passengers or freight.
“We are looking forward to bringing the latest technologies to improve rail infrastructure in Egypt,” said ENR Chairman Shousha. “Together with GE, we will work on enhancing the efficiency of rail transportation for both freight and passengers. Additionally, the parts and technical support agreement will ensure that the performance of our fleet is maintained over the years.”