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US’ Progress Rail inks USD 235 mn worth of modernization, spare part, technical support agreements. PLUS: CMA CGM, Emarat Misr
The agreement includes the refurbishment of 100 diesel-electric locomotives
ENR and Italy’s Salcef partner on 25 year railway upgrade project
A new venture between the two parties aims to renew approximately 100 km of rail lines and 70 switches annually
Railway authority to launch tender for Tanta-Damietta line development next year
The upgrades involve double-tracking a 65-km stretch of the 118 km line and installing an automated signaling system
Eni looks to up production with plans to drill new wells. PLUS: IBRD allocates loan to help develop railway line, Madinet Masr taps construction company to work on Sarai
Back in April, it was reported that Eni had slowed down exploration operations in Egypt
Japan’s Saraya mulls another two SCZone projects. PLUS: Yacht tourism, City Lab + Cairo Clinical Labs, Afreximbank, Instapay, Mermec, Kima, Exits, Eagles Fert, Sky Abu Dhabi, Azimut
The projects would come as part of the second phase of the company’s USD 25 mn investment plan in Egypt
B2Gold is looking to sell gold exploration licenses to Lotus Gold. PLUS: Heliopolis Housing multi EGP bn land purchase, Egyptian National Railways loan
B2Gold is pivoting away from Egypt to focus on its operations in South Africa
Chinese firms eye big rail infrastructure contracts in Egypt
A new high-speed rail line connecting Port Said and Abu Qir might be in the works
Cairo-Alex freight rail bypass tender to launch in 1Q 2024
The railway bypass will allow freight trains to travel between Alexandria port and the Sixth of October dry port
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