Egypt + Italian firm establish new railway company: Egypt’s National Railways Authority has inked a 25-year partnership agreement with Italy’s Salcef Group to establish a JV, named Salcef Track, to construct, renovate, and implement maintenance work for railways, according to a statement.

What’s on the agenda? Salcef Track will start by renewing a total of 2.5k km of track and 1.75k switches, the statement notes. The new company will also build new lines and expand its operations to include building railway lines across Africa and the Middle East. Salcef Group will provide machinery and equipment for constructing and renovating several railway lines.

We knew this was coming: Salcef Group discussed establishing a new company with Egyptian Railways back in December to renew some 2,000 km of railway tracks and provide railway renewal machinery and equipment.

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