logo
Egypt signs $235mln contracts with US's PRL to modernize 100 locomotives

Egypt signs $235mln contracts with US's PRL to modernize 100 locomotives

Zawya11-04-2025
Arab Finance: Egypt's National Railways Authority signs three contracts with American company Progress Rail (PRL) to modernize 100 Henschel locomotives, supply spare parts for 141 units over 15 years, and provide technical support for 10 years, as per a statement.
As part of a $235 million agreement witnessed by US Ambassador to Cairo Herro Mustafa Garg, the deal falls under Egypt's wider plan to upgrade its railway fleet and improve service quality for passengers and freight clients.
The project is also expected to boost the availability and reliability of locomotives while cutting fuel consumption and emissions.
Deputy Prime Minister and Minister of Industry and Transport Kamel El-Wazir said the contracts align with the Ministry's strategy to enhance the traction system and expand the share of freight transported by rail, helping ease pressure on road networks and increase railway revenues.
The modernization program will see the installation of all-new locomotive components, including a new engine, EM2000 control system, electrical cabinet, air compressor, air brake system, and cooling system.
Remaining major components will be overhauled using newly supplied spare parts.
El-Wazir highlighted the operational benefits of the upgrades, noting a 50% cut in oil consumption and over 3% improvement in fuel efficiency, driven by new engine technology.
He added that the move would also help reduce spare parts inventory by phasing out discontinued components and aligning with Egypt's EMD (JT42CWRM) fleet.
The contract also supports Egypt's localization efforts. Overhauls of key reused parts—such as traction motors and main generators—will be carried out by the Egyptian Company for Railway Maintenance and Services (ERMAS), a subsidiary of the National Railways Authority.
This will involve using some local components and transferring expertise under Progress Rail's supervision.
El-Wazir noted that with the latest contract, Egypt has now added 210 new locomotives to its network.
Meanwhile, 99 locomotives from the existing fleet have been rehabilitated in collaboration with major international companies.
These upgrades come alongside routine maintenance of operational units, all within the framework of the Ministry's ongoing rail system overhaul.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE supplies 52.1% of Japan's crude oil needs in June
UAE supplies 52.1% of Japan's crude oil needs in June

Al Etihad

timean hour ago

  • Al Etihad

UAE supplies 52.1% of Japan's crude oil needs in June

31 July 2025 18:33 TOKYO (WAM)Japan's imports of the UAE crude oil exceeded 31 million barrels, accounting for 52.1% of total imports in June 2025, according to official Japanese is based on figures from the Agency for Natural Resources and Energy of Japan's Ministry of Economy, Trade, and Industry. Japan's total crude oil imports in June reached 59.6 million barrels, with 97.7%, equivalent to 58.2 million barrels, sourced from Arab countries.

Pakistan says it wins US tariff deal; Trump cites oil reserves pact
Pakistan says it wins US tariff deal; Trump cites oil reserves pact

Khaleej Times

time2 hours ago

  • Khaleej Times

Pakistan says it wins US tariff deal; Trump cites oil reserves pact

The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment, but without specifying the level of tariff to be levied on Pakistani exports. "This deal marks the beginning of a new era of economic collaboration especially in energy, mines and minerals, IT, cryptocurrency and other sectors," the Pakistan finance ministry said in a statement following a final round of talks in Washington. Islamabad described the deal as a marker of a broader partnership with Washington, and Finance Minister Muhammad Aurangzeb, who led the final round of talks, said there was a larger economic and strategic agreement. "From our perspective, it was always going beyond the immediate trade imperative, and its whole purpose was, and is, that trade and investment have to go hand in hand," he said, in video-taped remarks. Pakistan had faced a potential tariff of 29%, which was later suspended - as with other nations - to allow trade talks up to an August 1 deadline. Islamabad was aiming at a tariff less than regional trade rivals such as Vietnam, which had a 20% tariff imposed by Trump, and India, which is threatened with a 25% tariff. Islamabad's trade surplus with Washington was around $3 billion in 2024, mainly due to textile exports. The United States is Pakistan's biggest market for textiles. The finance ministry said the agreement would lead to a "reduction of reciprocal tariffs, especially on Pakistani exports to the United States", but stopped short of revealing the figure. U.S. President Donald Trump meanwhile trumpeted a pact to help develop Pakistan's oil reserves. "We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves," Trump wrote on social media. "We are in the process of choosing the Oil Company that will lead this Partnership." OFFSHORE EXPLORATION However Pakistan has seen a series of unsuccessful offshore exploration attempts. Its proven recoverable conventional crude oil reserves of between 234 million and 353 million barrels by different estimates place it around 50th in the world. Shale oil extraction has not been developed in Pakistan, though a 2015 study by the U.S. Energy Information Administration estimated a technically recoverable shale oil resource of 9.1 billion barrels for Pakistan. Oil is Pakistan's biggest import item, $11.3 billion in the year ended June 30, 2025, accounting for nearly a fifth of its total import bill, central bank data showed. The agreement does have potentially wider diplomatic aspects. Washington has been concerned to wean Pakistan, a nuclear-armed country of 240 million people, away from its increasing dependence on China. Before the Trump administration, Islamabad's relationship with Washington had cooled in recent years, as the U.S. had drawn closer to Pakistan's traditional adversary India. There was also resentment from Washington over Afghanistan, especially under the administration of President Joe Biden, which oversaw a chaotic withdrawal from Afghanistan and the handing over of the country to the Taliban insurgency that Washington accused Islamabad of backing. Pakistan denies the charge. Under Trump, Washington has sought to renegotiate trade deals with many countries which he threatened with tariffs for trade relations he calls unfair, a characterization many economists dispute. In South Asia, Trump has repeatedly taken credit for a ceasefire agreed between India and Pakistan on May 10, after four days of conflict, saying he used the threat of restricting trade to get the two sides to halt hostilities. Islamabad embraced that version of events, praising him for intervening and then nominating him for the Nobel Peace Prize. India disputes Trump's claims that the ceasefire resulted from his involvement and trade threats. (Reporting by Kanishka Singh in Washington, Asif Shahzad in Islamabad and Ariba Shahid in Karachi; Writing by Saeed Shah; Editing by Clarence Fernandez and David Holmes)

MBRF launches ‘Knowledge Lounge' in Canada
MBRF launches ‘Knowledge Lounge' in Canada

Gulf Today

time7 hours ago

  • Gulf Today

MBRF launches ‘Knowledge Lounge' in Canada

The Mohammed Bin Rashid Al Maktoum Knowledge Foundation (MBRF) has launched its Knowledge Lounge initiative in Canada, advancing its mission to promote Arabic reading and sustainable knowledge development globally. The initiative aims to foster analytical and critical thinking across diverse communities. The inaugural session was held in Toronto in partnership with the Mosaic Foundation and featured Hussein Darwish from the Dubai International Program for Writing and Hind Zareef, Director of the Mosaic Foundation. Darwish said the initiative creates an open space for discussion among readers, authors and experts, rooted in the belief that knowledge shapes individuals and societies. Zareef praised the collaboration as a vital contribution to elevating Arabic globally, enhancing cultural connections and intellectual engagement. This launch follows earlier international expansions to Sydney and Melbourne in March 2025, in cooperation with the Federal Youth Foundation of the UAE and the Global Youth Council in Australia. Jamal Bin Huwaireb, CEO of MBRF, said the expansion aligns with the Foundation's goal to connect Arab readers worldwide and strengthen the presence of Arabic in global discourse. He added that the initiative supports knowledge sustainability and nurtures creative, knowledge-based societies. Throughout July, the Knowledge Lounge is hosting sessions across the UAE. These include workshops in Dubai at the Mohammed bin Rashid Library, literary discussions in Abu Dhabi, Khor Fakkan, Al Ain, Sharjah, Ajman, Fujairah and Ras Al Khaimah, and youth-focused sessions in partnership with Al-Naqsh platform and the Dubai International Program for Writing. In collaboration with the Digital Knowledge Center, sessions will also explore topics in digital transformation and cosmology. Internationally, a session in Australia will examine the book Soft Power: Volunteer Work and Humanitarian Giving Following Zayed's Footsteps by Adel Al Shamry. The Knowledge Lounge continues to expand its reach, uniting communities through reading and fostering meaningful cultural exchange. WAM

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store