Siemens Mobility signs $3bn rail deal

摘要

German company Siemens Mobility has signed a multi-billion-dollar contract with the National Authority for Tunnels (NAT) for the development of a major rail system in Egypt. The firm will provide high-speed and regional trains, locomotives, rail infrastructure and related services for the Turnkey Rail System, with the contract valued at US$3billion. As part of the deal, it will provide services to design, install, commission, and maintain the systems for 15 years.