|07 April, 2020

Elsewedy-Saipem-Salcef consortium wins Egypt's rail upgrade contract

The consortium won the tender to rebuild and upgrade the Abu Tartour-Qena cargo railway line

Image used for illustrative purpose. A worker checks rails in the metro tunnel dug under the Nile river by special boring machines nicknamed "Nefertiti" and "Hatshepsut" after two ancient Egyptian queens. Picture taken June 16.

Image used for illustrative purpose. A worker checks rails in the metro tunnel dug under the Nile river by special boring machines nicknamed "Nefertiti" and "Hatshepsut" after two ancient Egyptian queens. Picture taken June 16.

REUTERS/Reuters Photographer

Cairo –   Elsewedy Electric Co announced that its consortium with the two Italian companies Saipem and Salcef has been selected to rebuild and rehabilitate the Abu Tartour-Qena freight railway line.

The consortium won the tender launched by El Wady for Phosphate Industries and Fertilizers (WAPHCO) to rebuild and upgrade the Abu Tartour-Qena cargo railway line, in addition designing an extension for a passenger and freight railway line to be connected to Hurghada through Safaga, according to a bourse disclosure on Tuesday.

Pre-contract negotiations will be held soon with the Egyptian National Railways (ENR). Any further details will be disclosed upon signing the contract, the company affirmed.

It is noteworthy to mention that in 2019, the Egyptian firm reported net profits of EGP 4.163 billion, down from EGP 5.109 billion a year earlier.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Construction