{"id":557307,"date":"2021-09-14T04:00:55","date_gmt":"2021-09-14T04:00:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/14\/siemens-could-sign-contracts-for-second-third-high-speed-rail-lines-within-2-months\/"},"modified":"2021-09-14T04:00:55","modified_gmt":"2021-09-14T04:00:55","slug":"siemens-could-sign-contracts-for-second-third-high-speed-rail-lines-within-2-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/14\/siemens-could-sign-contracts-for-second-third-high-speed-rail-lines-within-2-months\/","title":{"rendered":"Siemens could sign contracts for second, third high-speed rail lines within 2 months"},"content":{"rendered":"

<\/a> Siemens will sign up to USD 6 bn in contracts to implement the second and<\/strong> third <\/strong>lines of Egypt\u2019s high-speed rail project within the next two months<\/strong>, Amwal Alghad<\/sup> reports, citing sources at the Transport Ministry. The ministry has reportedly reached a preliminary agreement with the German conglomerate on the implementation of the second and third phases of the USD 26 bn megaproject, which will connect Sixth of October to Aswan, and Luxor to Hurghada via Safaga, the sources added.<\/p>\n

The contract for the first phase of the USD 23 bn project was signed earlier this month.<\/strong> Siemens, along with Orascom Construction and Arab Contractors, this month signed<\/a> a USD 4.5 bn contract with the government to design, install and maintain the first line, which will run 660 km between Ain Sokhna, Alexandria and Marsa Matrouh. The first line should be complete within two years<\/a>, setting up a completion date sometime in 2023.<\/p>\n

Siemens has begun discussions with international financial institutions to secure funds for the first leg<\/strong>, the sources told the newspaper yesterday, without disclosing the lenders. The project is being undertaken on an EPC-plus-finance basis, meaning the contractors are responsible for arranging the financing. Siemens\u2019 share of the contract is worth around USD 3 bn, which will see it provide high-speed and regional trains, locomotives, rail infrastructure, system integration among other services.<\/p>\n","protected":false},"excerpt":{"rendered":"

Siemens will sign up to USD 6 bn in contracts to implement the second and third lines of Egypt\u2019s high-speed rail project within the next two months, Amwal Alghad reports, citing sources at the Transport Ministry. The ministry has reportedly reached a preliminary agreement with the German conglomerate on the implementation of the second and […]<\/p>\n","protected":false},"author":1,"featured_media":557308,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7261],"tags":[72,1088,484,207,208],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transport","tag-enterpriseam","tag-high-speed-rail","tag-siemens","tag-transport","tag-transport-ministry","wpautop","entry"],"acf":{"mongo_id":"d3f30f5c-22aa-4b14-b6a9-24dcfefee0bc","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/186.jpg","photo_position":"above","related_issue":[557297],"teaser":"","voice_url":""},"yoast_head":"\nSiemens could sign contracts for second, third high-speed rail lines within 2 months - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/14\/siemens-could-sign-contracts-for-second-third-high-speed-rail-lines-within-2-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Siemens could sign contracts for second, third high-speed rail lines within 2 months\" \/>\n<meta property=\"og:description\" content=\"Siemens will sign up to USD 6 bn in contracts to implement the second and third lines of Egypt\u2019s high-speed rail project within the next two months, Amwal Alghad reports, citing sources at the Transport Ministry. 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The agreement is worth\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543953,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/siemens-led-consortium-set-to-sign-on-second-third-high-speed-rail-lines-next-month\/","url_meta":{"origin":557307,"position":1},"title":"Siemens-led consortium set to sign on second + third high-speed rail lines next month","author":"enterpriseam admin","date":"27 February 2022","format":false,"excerpt":"Contracts for second + third lines of Egypt\u2019s high-speed railway to be signed in March: The Transport Ministry and the consortium of Siemens Mobility, Orascom Construction and Arab Contractors tasked with building Egypt\u2019s first high-speed rail line are next month set to sign final contracts for the second and third\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/371.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546766,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/29\/orascom-construction-siemens-and-arab-contractors-consortium-ink-multi-bn-usd-high-speed-rail-contract\/","url_meta":{"origin":557307,"position":2},"title":"Orascom Construction, Siemens and Arab Contractors consortium ink multi-bn USD high-speed rail contract","author":"enterpriseam admin","date":"29 May 2022","format":false,"excerpt":"Siemens Mobility, Orascom Construction (OC) and Arab Contractors have signed a contract with the government for the second phase of the planned 2k-km high-speed rail line, Siemens and our friends at OC said in statements yesterday (here and here, pdf). The consortium will design, install, commission and maintain the line\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/376.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559281,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/17\/siemens-puts-pen-to-paper-for-high-speed-electric-rail\/","url_meta":{"origin":557307,"position":3},"title":"Siemens puts pen to paper for high-speed electric rail","author":"enterpriseam admin","date":"17 January 2021","format":false,"excerpt":"The USD 23 bn high-speed electric rail network moved one step closer to becoming reality on Thursday after Siemens CEO Joe Kaeser and the Transport Ministry signed an MoU confirming the German conglomerate\u2019s involvement in the first phase of the project, according to a cabinet statement. The entire network is\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556999,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/","url_meta":{"origin":557307,"position":4},"title":"From Sokhna to Alexandria in a jiffy","author":"enterpriseam admin","date":"2 September 2021","format":false,"excerpt":"Moving between the Red Sea and the Med will soon be easier and faster after the government signed yesterday a USD 4.5 bn contract to build Egypt\u2019s first high-speed rail line. A consortium including Siemens Mobility, Orascom Construction and Arab Contractors agreed with the state-owned National Authority for Tunnels (NAT)\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/25.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546823,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/last-nights-talk-shows-adq-industrial-investment-high-speed-rail-lead-the-conversation-on-the-airwaves\/","url_meta":{"origin":557307,"position":5},"title":"Last Night\u2019s Talk Shows: ADQ industrial investment + high-speed rail lead the conversation on the airwaves","author":"enterpriseam admin","date":"30 May 2022","format":false,"excerpt":"Leading the airwaves yesterday: A new industrial partnership between Egypt, UAE and Jordan that would see Abu Dhabi Wealth Fund (ADQ) investing around USD 10 bn in projects in the three countries led the conversation in talk shows, with a focus from Al Hayah Al Youm (watch, runtime: 5:24) and\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557307"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557307\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557308"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557307"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557307"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}