Cairo – Mubasher: The Egyptian government currently considers establishing a rolling stock plant in East Port Said, according to a statement on Wednesday.

The Ministry of Planning and the Ministry of Transport discussed the steps towards setting up an Egyptian company for rolling stock industries in partnership with the private sector, Suez Canal Economic Zones, and Egypt’s sovereign wealth fund and in collaboration with Bombardier Transportation.

The proposed plant will be a precursor for other complementary and feedstock manufacturing facilities, the minister of transport Kamel El-Wazir said.

Investing in the transportation sector comes in line with Egypt vision 2030, the minister of planning Hala El-Saeed pointed out, noting that localising the locomotive industry has become a necessity with the growing population and urban expansion.

Source: Mubasher

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