The deal was signed by ENR’s chairman Eng Ashraf Raslan and Mr Ramzi Al-Emad, vice-president of Progress Rail, in the presence of Egypt’s transport minister Lieutenant General Kamel Al-Wazir.
The deal involves the supply of 50 EMD diesel locomotives, modernising 50 diesel locomotives from ENR’s existing fleet and overhauling another 41 locomotives. ENR will fund the overhaul of the 41 locomotives at an estimated cost of $US 27m. Progress Rail will also take over responsibility for the long-term maintenance of all 141 locomotives.
The new EMD locomotives are scheduled for delivery within 22 months of the activation of the contract, while the 50 ENR locomotives will be modernised within 30 months.
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