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Siemens Mobility inks $8.7 billion deal for high-speed rail in Egypt


A teach passes via a station in Egypt. The challenge involving Siemens Mobility will use trains that may achieve a most sensible velocity of 230 kilometers in step with hour, and the road might be completely electrified.

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A brand new high-speed rail line is coming to Egypt, with developer Siemens Mobility pronouncing it’ll hyperlink 60 towns around the nation.

The fully-electrified traces will see trains with a most sensible velocity of 230 kilometers in step with hour and go back and forth from the Purple Sea to the Mediterranean, amongst different locations.

In step with Siemens Mobility, the electrification of the community will scale back carbon emissions by way of 70% when in comparison to making journeys by way of bus or automotive. It added that the challenge would end result on the earth’s “6th greatest high-speed rail machine.”

Siemens Mobility — a one after the other controlled corporate of commercial large Siemens — signed the contract to expand the rail line with the Egyptian Nationwide Authority for Tunnels, in addition to consortium companions The Arab Contractors and Orascom Development.

In a commentary Saturday, Siemens Mobility mentioned its proportion of the mixed contract would quantity to eight.1 billion euros, or round $8.7 billion. This determine features a 2.7 billion euro contract signed in Sept. 2021 for the challenge’s preliminary line.

The brand new community in Egypt might be made up of 3 portions: a in the past introduced 660-kilometer line linking Ain Sokhna, at the Purple Sea, to Alexandria and Marsa Matrouh on Egypt’s Mediterranean coast; a more or less 1,100 kilometer line between Cairo and Abu Simbel, on the subject of the border with Sudan; and a 225 kilometer stretch between Luxor and Hurghada at the Purple Sea.

“In conjunction with our companions, we can expand from scratch an entire and state-of-the-art rail community that can be offering a blueprint for the area on the way to set up an built-in, sustainable, and fashionable transportation machine,” Michael Peter, the CEO of Siemens Mobility, mentioned.

Learn extra about calories from CNBC Professional

The World Power Company has described rail as being “probably the most energy-efficient delivery modes.” It’s accountable for 9% of globally motorized passenger motion and seven% of freight, the IEA says, however handiest accounts for three% of delivery calories use.

It does, alternatively, depend closely on oil, which represented 55% of the field’s general calories intake in 2020. Underneath the IEA’s state of affairs for a net-zero calories machine by way of the yr 2050, oil use in rail must drop to “nearly 0” by way of the center of the century, being changed by way of electrical energy — for the majority of rail calories wishes — and hydrogen.

At the hydrogen entrance, Siemens Mobility is certainly one of a number of firms that has been operating on hydrogen trains. Others come with East Japan Railway and Eu railway producer Alstom, which has already carried passengers in Germany and Austria on hydrogen trains.

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