Orascom and Thales win €340m Egypt rail modernisation project
04 September 2023
Egyptian contractor Orascom Construction and French electrical systems specialist Thales have won a deal to modernise the Cairo-Beni Suef railway corridor in Egypt.
The consortium will modernise the signalling system and tracks across 125 km of line.
They will also complete the modernisation of electronic interlocking system at the stations.
Orascom said the upgrades would result in increased speeds while enhancing safety and efficiency.
The total contract value for the project amounts to €340 million (US$367 million). The project is part of a program that is funded by the World Bank.
It extends the long-term relationship between Orascom Construction and Thales, which includes projects such as Greater Cairo Metro and future projects in the pipeline.
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