Egypt receives second batch of General Electric locomotives

General Electric delivered the second batch of 20 railway locomotives purchased under an agreement signed in 2017, according to a cabinet statement. Under the agreement, GE is financing and supplying 100 new locomotives and refurbishing 81 others at a cost of USD 575 mn, but Transport Minister Kamel El Wazir is quoted in the statement saying that the agreement is worth USD 602.05 mn and covers 110 locomotives. The US company was contracted to build the first 50 locomotives and deliver them in five batches, the first of which was received in December last year.