Elsewedy Electric and German railway company Deutsche Bahn AG initial a 15-year agreement with the Egyptian National Authority for Tunnels (NAT) for the management and operation of the first line of the high-speed electric train network (Ain Sokhna-Matrouh), Invest-Gate reports.

Egyptian Minister of Transport, Kamel El-Wazir, notes that Deutsche Bahn will operate the three lines of the electrical railway network with a new management and operation module, in exchange for receiving a portion of the revenue.

“The new high-speed rail network aims to improve traffic safety and curb air pollution, aligning with the Egyptian government’s efforts to develop the sustainable transportation sector and expand environmentally-friendly mass transportation in major cities,” President and CEO of Elsewedy Electric, Ahmed El Sewedy, comments.

Niko Warbanoff, CEO of DB International Operations GmbH, states that Deutsche Bahn would qualify and train Egyptian engineers and technicians.

El Sewedy says: “To implement this green project, our company will exert every possible effort to hire, train, transfer knowledge to local talents, and assign the employees to Germany in order to gain an international experience, as part of investments in the country’s long-term development.”

It is worth highlighting that the high-speed electric train network will cover around 2,000 kilometers by passenger and cargo trains.