The government will select the winning bid to supply the Egyptian National Railways with 1,300 railway cars for around EGP 19-20 bn by the end of the month, Minister Hisham Arafat tells Al Ahram. The ministry has narrowed down the competition to two offers from a Chinese company and a Russian-Hungarian consortium. The agreement stipulates that the locomotives meet a 40% domestic component requirement by cooperating with a state-owned entity specialized in heavy industry, such as SEMAF or one of the Military Production Ministry’s factories, according to the minister. On a related note, the National Railway Authority (NRA) received an offer from the US-based transport company RailRunner to supply seven locomotives for cargo transport, authority head Sayed Salem tells Al Mal. Transport Minister Hisham Arafat had met with a delegation from the US company back in February to discuss cooperation on rail transport.
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