{"id":622599,"date":"2018-10-08T04:03:43","date_gmt":"2018-10-08T04:03:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/russias-tmh-to-build-usd-100-mn-factory-to-manufacture-railway-cars-in-egypt\/"},"modified":"2018-10-08T04:03:43","modified_gmt":"2018-10-08T04:03:43","slug":"russias-tmh-to-build-usd-100-mn-factory-to-manufacture-railway-cars-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/russias-tmh-to-build-usd-100-mn-factory-to-manufacture-railway-cars-in-egypt\/","title":{"rendered":"Russia\u2019s TMH to build USD 100 mn factory to manufacture railway cars in Egypt"},"content":{"rendered":"

INVESTMENT WATCH- Russia\u2019s TMH to build USD 100 mn factory to manufacture railway cars in Egypt:<\/strong> Russia\u2019s Transmashholding (TMH<\/a>) is looking to establish a USD 100 mn facility in Egypt to manufacture railway cars, the company\u2019s local representative, Hamdy Abdel Hamid, told Al Shorouk yesterday<\/a>. Talks are currently ongoing to establish the factory within a Military Production Ministry complex, with the aim of covering local needs and exporting surplus output. Details on the timeline and financing for the project were not disclosed.<\/p>\n

Announcement comes after big contract win: <\/strong>The Egyptian National Railway signed an agreement with TMH last month<\/a> that will see the Russian company supply 1,300 railway cars, of which 30% are set to be manufactured locally, according to Abdel Hameed. The agreement, which covers stock maintenance and labor training for 15 years, is set to be financed through a loan by a Russian-Hungarian banking consortium that carries a 1.58% interest rate with a 14-year repayment period and four-year grace period, he added. Egypt will pay a total of EGP 22 bn to buy the cars and will receive the first batch within 14 months and the last car within 40 months from the start of manufacturing.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Russia\u2019s TMH to build USD 100 mn factory to manufacture railway cars in Egypt: Russia\u2019s Transmashholding (TMH) is looking to establish a USD 100 mn facility in Egypt to manufacture railway cars, the company\u2019s local representative, Hamdy Abdel Hamid, told Al Shorouk yesterday. Talks are currently ongoing to establish the factory within a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622599","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a1a15141-cc01-48e7-8b13-b303bf80fd77","order":"0","is_powered_by":true,"section_story_id":"09f5baf2-4198-484f-9678-0411ff08886c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622584],"teaser":"","voice_url":""},"yoast_head":"\nRussia\u2019s TMH to build USD 100 mn factory to manufacture railway cars in Egypt - 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\/2018\/10\/08\/russias-tmh-to-build-usd-100-mn-factory-to-manufacture-railway-cars-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia\u2019s TMH to build USD 100 mn factory to manufacture railway cars in Egypt\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Russia\u2019s TMH to build USD 100 mn factory to manufacture railway cars in Egypt: Russia\u2019s Transmashholding (TMH) is looking to establish a USD 100 mn facility in Egypt to manufacture railway cars, the company\u2019s local representative, Hamdy Abdel Hamid, told Al Shorouk yesterday. 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