{"id":625069,"date":"2018-09-26T04:19:00","date_gmt":"2018-09-26T04:19:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars\/"},"modified":"2018-09-26T04:19:00","modified_gmt":"2018-09-26T04:19:00","slug":"railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars\/","title":{"rendered":"Railway signs EGP 22 bn contract with Transmashholding for 1,300 railcars"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>**#6<\/strong> <strong>Railway to buy 1,300 cars from Transmashholding under EGP 22 bn contract:<\/strong> The Egyptian National Railways (ENR) will buy 1,300 railcars from Russia\u2019s Transmashholding under a final contract signed yesterday, according to <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Joint-cooperation-agreement-for-the-production-of-passenger-vehicles.aspx\">a Cabinet statement<\/a>. The Russian company will set up shop in Egypt maintain the rolling stock and train maintenance laborers for 15 years. The two sides are currently in talks over the details of a separate maintenance agreement. Cabinet had <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/30\/cabinet-approves-contracts-with-russias-transmashholding-sets-up-unified-rights-committee\/\">approved in August<\/a> ENR\u2019s agreement with Transmashholding. The agreement is set to be financed through a loan by a Russian-Hungarian banking consortium. 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<p><strong>Transport Minister Hisham Arafat was all over the airwaves last night to discuss the agreement<\/strong>, which he told Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=fHHT3Mn1leQ\">watch, runtime: 5:33<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=Etu0zh5mMyc\">runtime: 5:29<\/a>) as a core element of the ministry\u2019s aim to complete a significant overhaul of the railways by the end of 2020. Arafat also phoned into Yahduth fi Masr to talk about the agreement and its fine print (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/243880102962763\/\">watch, runtime: 5:59<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**#6 Railway to buy 1,300 cars from Transmashholding under EGP 22 bn contract: The Egyptian National Railways (ENR) will buy 1,300 railcars from Russia\u2019s Transmashholding under a final contract signed yesterday, according to a Cabinet statement. The Russian company will set up shop in Egypt maintain the rolling stock and train maintenance laborers for 15 [&hellip;]<\/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-625069","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9064f767-0d98-4c24-a68d-19c9f9d5637d","order":"0","is_powered_by":true,"section_story_id":"f9b3a0e6-6ec4-408c-9996-cd14e21cb429","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625055],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Railway signs EGP 22 bn contract with Transmashholding for 1,300 railcars - 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\/09\/26\/railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Railway signs EGP 22 bn contract with Transmashholding for 1,300 railcars\" \/>\n<meta property=\"og:description\" content=\"**#6 Railway to buy 1,300 cars from Transmashholding under EGP 22 bn contract: The Egyptian National Railways (ENR) will buy 1,300 railcars from Russia\u2019s Transmashholding under a final contract signed yesterday, according to a Cabinet statement. The Russian company will set up shop in Egypt maintain the rolling stock and train maintenance laborers for 15 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-26T04:19:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Railway signs EGP 22 bn contract with Transmashholding for 1,300 railcars\",\"datePublished\":\"2018-09-26T04:19:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars\/\"},\"wordCount\":195,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/railway-signs-egp-22-bn-contract-with-transmashholding-for-1300-railcars\/\",\"name\":\"Railway signs EGP 22 bn contract with Transmashholding for 1,300 railcars - 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Transport Minister Kamel El Wazir inspected a sample car during his recent visit to Russia.\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624835,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/19\/russias-transmashholding-to-deliver-first-batch-of-railway-cars-in-october\/","url_meta":{"origin":625069,"position":1},"title":"Russia\u2019s Transmashholding to deliver first batch of railway cars in October","author":"enterpriseam admin","date":"19 September 2018","format":false,"excerpt":"Egypt will be receiving in October the first 500 batch of 1,300 railway cars from Russia\u2019s Transmashholding, Egyptian National Railways (ENR) head Ashraf Raslan said, Al Shorouk reports. The cars will be used in lines servicing the Upper Egypt area, he said. Egypt\u2019s Cabinet approved in August ENR\u2019s agreement with\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591701,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/15\/egypt-signs-eur-1-bn-loan-agreement-for-transmashholding-railcar-purchase\/","url_meta":{"origin":625069,"position":2},"title":"Egypt signs EUR 1 bn loan agreement for Transmashholding railcar purchase","author":"enterpriseam admin","date":"15 December 2019","format":false,"excerpt":"Egypt signs EUR 1 bn loan agreement for Russian railcar purchase: Egyptian National Railways head Ashraf Raslan signed on Thursday a \u064fEUR 1.02 bn (c. EGP 18.28 bn) financing agreement for the government\u2019s purchase of 1,300 railcars from Russia\u2019s Transmashholding, the Transport Ministry said in a statement. The Hungarian Export-Import\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625917,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/transport-ministry-to-sign-contracts-with-russias-transmashholding-for-1300-railway-cars-within-days\/","url_meta":{"origin":625069,"position":3},"title":"Transport Ministry to sign contracts with Russia\u2019s Transmashholding for 1,300 railway cars \u201cwithin days\u201d","author":"enterpriseam admin","date":"26 August 2018","format":false,"excerpt":"The Transport Ministry is reportedly days away from signing an agreement with Russia\u2019s Transmashholding to purchase 1,300 new railway cars, Al Mal reports, citing a cabinet statement. A Russian-Hungarian banking consortium had offered to provide the Egyptian National Railways (ENR) with a loan to finance the purchase of the railway\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625714,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/russian-hungarian-consortium-offers-to-finance-1300-railway-car-purchase\/","url_meta":{"origin":625069,"position":4},"title":"Russian-Hungarian consortium offers to finance 1,300 railway car purchase","author":"enterpriseam admin","date":"13 August 2018","format":false,"excerpt":"A Russian-Hungarian banking consortium has offered to provide the Egyptian National Railways (ENR) with a loan to finance the purchase of 1,300 railway cars from Russia\u2019s Transmashholding, Al Masdar reports. The loan would carry an interest rate of 1.8%. ENR had announced last week that Transmashholding has been awarded the\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599340,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/egypt-set-soon-to-sign-ebrd-financing-agreement-for-100-railway-locomotives\/","url_meta":{"origin":625069,"position":5},"title":"Egypt set soon to sign EBRD financing agreement for 100 railway locomotives","author":"enterpriseam admin","date":"25 June 2019","format":false,"excerpt":"The National Railways Authority (NRA) will sign in the coming days a financing agreement with the European Bank for Reconstruction and Development (EBRD) for the purchase of 100 new locomotives, a source close to the matter tells Al Mal. The authority is expecting to launch a tender by no later\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"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\/625069","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=625069"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625069\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625055"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625069"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625069"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}