{"id":663645,"date":"2025-04-13T00:00:00","date_gmt":"2025-04-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/13\/us-progress-rail-inks-usd-235-mn-worth-of-modernization-spare-part-technical-support-agreements-plus-cma-cgm-emarat-misr\/"},"modified":"2025-04-13T00:00:00","modified_gmt":"2025-04-13T00:00:00","slug":"us-progress-rail-inks-usd-235-mn-worth-of-modernization-spare-part-technical-support-agreements-plus-cma-cgm-emarat-misr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/13\/us-progress-rail-inks-usd-235-mn-worth-of-modernization-spare-part-technical-support-agreements-plus-cma-cgm-emarat-misr\/","title":{"rendered":"US\u2019 Progress Rail inks USD 235 mn worth of modernization, spare part, technical support agreements. PLUS: CMA CGM, Emarat Misr"},"content":{"rendered":"<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egyptian N<\/strong><strong>ational Railways signed three contracts worth over USD 235 mn with <\/strong><strong>US-based <\/strong><strong>Progress Rail<\/strong> to upgrade and maintain parts of the country\u2019s locomotive fleet, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid02AChwq4TXTALq5g6VAmXCSXUTvQTVArGYwDtwjP68fJqbeQaXdtWrUMGPZZceJL2Dl\" style=\"\" rel=\"noopener\">statement<\/a> from the Transport Ministry, <a target=\"_blank\" href=\"https:\/\/eg.usembassy.gov\/u-s-and-egypt-sign-235-million-contracts-to-modernize-railway-infrastructure-strengthening-bilateral-economic-ties\/\" style=\"\" rel=\"noopener\">another<\/a> from the US Embassy in Cairo, and a <a target=\"_blank\" href=\"https:\/\/www.progressrail.com\/en\/Company\/News\/PressReleases\/ProgressRailSignsContractswithEgyptianNationalRailwaystoModernize100LocomotivesandProvideServicesSupport.html\" style=\"\" rel=\"noopener\">statement<\/a> from Progress Rail. The agreement with the Caterpillar subsidiary covers the refurbishment of 100 diesel-electric locomotives at a cost of USD 185 mn, a USD 42 mn contract to supply spare parts for 141 units over 15 years, and a USD 5 mn technical support agreement for the same units over five years, with an option to extend for another five.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming:<\/strong> The cabinet approved the transaction during one of its weekly meetings <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0119158f-193a-482c-bd24-a6388b83e9d0\/cabinet-approves-next-fiscal-year%25e2%2580%2599s-budget#:~:text=%232%2D%20A%20contract%20between%20Egyptian%20National%20Railways%20and%20US%20railway%20components%20supplier%20ProgressRail%20to%20refurbish%20100%20diesel%2Delectric%20locomotives%2C%20and%20provide%20spare%20parts%20for%20141%20locomotives%20over%2015%20years.%20The%20US%20player%20will%20also%20offer%20technical%20support%20services%20for%2010%20years.\" style=\"\" rel=\"noopener\">late last month<\/a>.<\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>French<\/strong><strong> shipping giant CM<\/strong><strong>A CGM secured a 35% stake in the <\/strong><strong>October Dry Port<\/strong> under a strategic partnership it signed with the port, according to a Transport Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid02ABPwEdQEK4NgQGRuKSMafRaFUHfAtkhMMqkiVbApQ3nvRhyXxHbMR3LyCQMZm4Wkl\" style=\"\" rel=\"noopener\">statement<\/a>. The partnership aims to boost the port\u2019s operations, improve cargo flow, and provide integrated logistics services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.odpeg.com\/\" style=\"\" rel=\"noopener\">October Dry Port Company<\/a> (ODP) is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ab5eaaa-91d0-45f5-a884-103468011eaf\" style=\"\" rel=\"noopener\">setting up the USD 60 mn Sixth of<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ab5eaaa-91d0-45f5-a884-103468011eaf\" style=\"\" rel=\"noopener\">October dry port<\/a> under a build-operate-transfer structure. ODP is a JV that is 70% owned by Elsewedy Electric, 20% held by SLP for Logistic Properties, and 10% by DB Schenker Egypt \u2014 it remains unclear whose stake CMA CGM took over.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: \u201c<\/strong>The arrival of CMA CGM as a partner represents a major step towards consolidating the October Dry Port's position as a national and regional logistics hub,\u201d said Elsewedy Electric CEO Ahmed Elsewedy. \u201cThis agreement strengthens Egypt's position as a regional logistics hub and supports national goals to promote industrial growth, sustainable development, and its integration into global trade.\u201d<\/p>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emarat Misr p<\/strong><strong>lans to roll out ten fueli<\/strong><strong>ng and service stations across the country<\/strong>, according to an Oil Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid07qDGM89S4nLn4fF3LoVV4NEBiuZWPuw21yrYdgW7a6ca2q6RjdfF7ZyK9DcmBFZHl\" style=\"\" rel=\"noopener\">statement<\/a>. The new stations will add to the company\u2019s portfolio of 17 stations nationwide. <\/p>\n<p class=\"tag-border-left\">DIPLOMACY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt a<\/strong><strong>nd Hungary signed an agreement to expand<\/strong><strong> cooperation across 26 sectors <\/strong>over the weekend during the Egyptian-Hungarian Joint Committee, according to a <a target=\"_blank\" href=\"https:\/\/moic.gov.eg\/news\/2115\" style=\"\" rel=\"noopener\">statement<\/a> from the Planning and International Cooperation Ministry. The sectors include trade, investment, military production, and customs. Both nations also signed an MoU to reduce industrial pollution, protect the environment, and exchange knowledge. The Hungarian side highlighted potential partnerships between the two countries in the fields of green hydrogen, food security, ICT, and AI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agreement includes the refurbishment of 100 diesel-electric locomotives<\/p>\n","protected":false},"author":1,"featured_media":663646,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,10905,168,6713,1071,93,72,145,91,7101,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-663645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-cma-cgm","tag-diplomacy","tag-egypt-hungary-relations","tag-egyptian-national-railways","tag-energy","tag-enterpriseam","tag-logistics","tag-oil-and-gas","tag-railways","tag-transport","wpautop","entry"],"acf":{"mongo_id":"23b696aa-1430-47ad-8210-872189925c40","order":"13","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/667.jpg","photo_position":"above","homepage_title":"","full_issue_title":"US\u2019 Progress Rail inks USD 235 mn worth of modernization, spare part, technical support agreements. PLUS: CMA CGM, Emarat Misr","related_issue":[663622],"teaser":"The agreement includes the refurbishment of 100 diesel-electric locomotives","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.a3b5c19a-082e-4e43-80de-e15537beaada.mp3"},"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>US\u2019 Progress Rail inks USD 235 mn worth of modernization, spare part, technical support agreements. 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The company is studying projects related to the Ain Sokhna port to assess whether it aligns\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/271.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594941,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egypt-to-sign-by-month-end-usd-430-mn-agreement-with-prl-for-50-locomotives\/","url_meta":{"origin":663645,"position":4},"title":"Egypt to sign by month-end USD 430 mn agreement with PRL for 50 locomotives","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"The Transport Ministry will sign by the end of the month a USD 430 mn agreement with Progress Rail Locomotive to purchase 50 new locomotives and repair 50 old ones, Minister Kamel El Wazir said. 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