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France’s NGE wins Egypt high-speed rail contract

24 February 2023

France-based construction company NGE has signed a deal to build 330 kilometres of a high-speed train connection from the Red Sea Port of Ain Sokhna to Borg al-Arab, near the Mediterranean Port of Alexandria, in Egypt.

NGE subsidiary TSO will execute the construction.

The section awarded to NGE is part of a 600km double-track that will extend to Marsa Matrouh on Egypt's northwest coast.

The financial details of the agreement were not disclosed.

In May 2021, Egypt's National Authority for Tunnels selected Siemens Mobility, Orascom Construction and Arab Contractors to build approximately 2,000km of a high-speed railway that could potentially be the world's sixth-largest network.

The deal amounted to $4.5bn and was the largest transport contract award and the largest across all sectors in Egypt during 2021. 

This helped drive the value of transport contracts awarded in 2021 to exceed the value recorded by the construction sector.

In terms of projects in the bidding phase, railway projects make up $10.5bn, or 90 per cent, of the $11.7bn-worth of combined construction and transport projects in Egypt. 

https://image.digitalinsightresearch.in/uploads/NewsArticle/10620605/main.jpg
Eva Levesque

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