Transport Minister Hisham Arafat discussed railway upgrades with a delegation from Poland’s H. Cegielski – Poznań S.A. and Bombardier’s Italian arm, Al Mal reports. Cegielski is reportedly looking to manufacture new locomotives locally and provide training for workers in the field. The project would be financed through a Polish government facility with a 25-year maturity, the newspaper adds. Bombardier is also expected to soon finalize procedures for Egypt’s purchase of USD 10 mn worth of spare parts. Discussions over railway upgrades rose to the forefront of public debate after a train collision earlier this month killed more than 40 people.
More from Enterprise
Our friends at EFG Hermes and Beltone pick up fresh accolades, along with CIB
EFG Hermes retained the top corporate access spot on Extel’s…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Inside the retail wave reshaping EGX
Individuals are setting EGX prices day to day, trading on…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…