Public Management

NGE signed the contract to build 330 km of high-speed line in Egypt

NGE signed the contract to build 330 km of high-speed line in Egypt
Thursday, 23 February 2023 10:20

This success confirms the company's strategy of internationalization, which enables it to participate in developing the 6th largest high-speed rail network in the world.

NGE, with its rail expertise subsidiary TSO, has signed a contract to build 330km of high-speed line in Egypt. This new contract reinforces the French Group's position as a key player in the construction of international infrastructure projects. The laying of 330km of track in Egypt allows NGE to beat its own record, set in France in 2017 when it laid 320km on the South East Atlantic line.

In sum, NGE has actively participated in installing 2,500 km of high-speed lines around the world. Operating in 17 countries, the Group has been present in Egypt since 1981 and has completed several rail projects, such as lines 1 & 3 of the Cairo metro, the renewing of tracks on the Banha-Port Said regional line and more recently with the delivery of the LRT 10th of Ramadan, a new regional train line linking Cairo to the new Egyptian capital. NGE has once again been awarded a project that will provide a structure for the development of infrastructure in one of its historical markets. This new rail project in Egypt will link 60 cities across the country, increase freight traffic and ensure approximately 500 million journeys per year. 

NGE will provide its expertise, human and material resources to local companies Orascom and Arab Contractors. NGE's capacity to implement planning adapted to the client's objectives, as well as its mastery of all aspects of high-speed project management, enabled it to win this contract. Current world speed records have been broken on ballasted tracks laid by the Group: 513.3 km/h on the French Atlantic high-speed line in 1990 and 574.8 km/h on the French East-European line in 2007.

"We are proud to make a significant contribution to this project, which will provide nearly 90% of the Egyptian population with access to fast and reliable public transport. It will also make a significant contribution to sustainability by shifting freight traffic to rail and stimulating Egypt's economic development. Building and renovating infrastructure to serve territories around the world is our primary mission, our raison d'être, and this project fits perfectly with achieving this ambition," said Orso Vesperini, COO International and Major Projects at NGE. "This new success is in line with our strategy to double our international business by 2025."

Works will start in early 2023 and will require the mobilization of up to 500 people on the site. The latter includes the installation of a total of 330 km of double track and more than 100 turnouts between the cities of Ain Al Sokhna and Borg El Arab, through the October 6 City.

About NGE (New Generations of Entrepreneurs)

NGE is an independent construction and civil engineering company, with revenues of 2.8 billion euros: one of the top 4 players in France. Around the world, NGE teams finance, design, build and renew infrastructures and buildings in 17 countries. The Group's 16,000 employees are involved in the construction of major energy, sustainable mobility, and telecommunications networks infrastructures, with a proven track record worldwide. 

vcsPRAsset 3909557 381885 c66f75f2 9385 4247 bd02 4f0af818d874 0

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
EBRD, EU, GCF, and Canada plan €65 mln ($77 mln) green loan for Crédit du Maroc. Funds to support clean energy, water treatment, and sustainable...
World Bank projects Ivory Coast could achieve 7-8% average annual growth with fiscal mobilization above 15% of GDP. Ivory Coast's tax revenue...
• NSIF denies rumors of interest in buying Chococam, saying it is focused on other projects.• Cadyst Invest, linked to Célestin Tawamba, is rumored to...
• AXA sells 80% of AXA Crédit Morocco to Stellantis’ Fidis arm• Stellantis to offer bundled car sales, financing, and insurance• Move aligns with...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
03

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
04

Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...

Malawi’s Election Puts Incumbent Chakwera to the Test on Inflation and Fuel Shortages
05

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.