{"id":80459,"date":"2023-11-07T00:00:00","date_gmt":"2023-11-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/11\/07\/egypt-partners-with-chinese-firms-on-green-public-transport-electric-tuktuks\/"},"modified":"2023-11-07T00:00:00","modified_gmt":"2023-11-07T00:00:00","slug":"egypt-partners-with-chinese-firms-on-green-public-transport-electric-tuktuks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/11\/07\/egypt-partners-with-chinese-firms-on-green-public-transport-electric-tuktuks\/","title":{"rendered":"Egypt partners with Chinese firms on green public transport + electric tuktuks"},"content":{"rendered":"

Egypt and Chinese firms partner on green public transport:<\/strong> Egypt\u2019s National Authority For Tunnels signed a framework agreement with China\u2019s Avic Project Engineering Company<\/a> and the China Railway Engineering Consulting Group<\/a> to establish the all-electric fourth phase of the country\u2019s 10th of Ramadan City railway line, according to a statement<\/a>. <\/p>\n

And there\u2019s more: <\/strong>Egypt also signed an additional two agreements with Avic to cooperate on the development of the project\u2019s fifth phase and to establish an all-electric train extending from Al Rehab to Egypt\u2019s New Administrative capital, the statement notes. <\/p>\n

On the private sector side\u2026 :<\/strong> Egypt-based Delta Engineering Drilling inked an MoU with the China Real Estate Information Corporation<\/a> to partner up on construction of a high-speed all-electric railway line, the statement notes. The line will span 250 km from Egypt\u2019s Port Said to Abu Qir and be developed under a build, operate, transfer (BOT) format.<\/p>\n

REMEMBER- China Exim and AFC are helping finance Egypt\u2019s electric monorail projects: <\/strong>The Export-Import Bank of China (China Exim) reportedly said it would extend Egypt USD 400 mn<\/a> to finance the third phase of Egypt\u2019s all-electric light railway train (LRT) back in September. The loan was planned to finance the delayed project\u2019s completion, adding 20.4 km and four additional stations to the line. The Chinese lender had agreed back in 2019 to extend a USD 1.2 bn loan<\/a> for the LRT\u2019s initial phases of construction. And back in February, multilateral lender Africa Finance Corporation (AFC) said it is looking to bankroll Egypt\u2019s monorail and high-speed train projects with a USD 250 mn facility<\/a>. <\/p>\n

IN OTHER EGYPT NEWS- Tuktuk EVs?<\/strong> State-owned El Nasr Automotive is reportedly close to inking a partnership agreement with an unnamed Chinese investor to manufacture four-wheeled electric light vehicles as an alternative to the three-wheeled tuktuk, Al Mal<\/a> reports, citing sources it says have knowledge of the matter. <\/p>\n

El Nasr has been preparing for this:<\/strong> The automaker has overhauled its production lines recently to accommodate for the shift to light-weight EVs, the news outlet writes. The restructuring strategy has been funded by an unnamed local investor, Al Mal\u2019s sources said, with Egypt\u2019s state-owned Metallurgical Industries Holding (MIH) also contributing an undisclosed sum to the financing package.<\/p>\n

REMEMBER-<\/strong> El Nasr Automotive has been looking for an international partner to form a joint venture for locally-made electric vehicles for the past couple of years. The government began in May negotiations with Ashok Leyland<\/a>, a subsidiary of Indian conglomerate Hinduja Group, after talks with Chinese firm Dongfeng fell through in 2021<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fourth phase of the all-electric 10th of Ramadan City railway line is underway<\/p>\n","protected":false},"author":1,"featured_media":80460,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[103],"tags":[69,40,102,11,64,277],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-vehicles","tag-china","tag-egypt","tag-electric-vehicles","tag-enterpriseclimate","tag-evs","tag-green-mobility","wpautop","entry"],"acf":{"mongo_id":"1c4da48f-f479-42c2-99c6-68728dbe8a17","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1754.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt 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