TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
Home
Press release
Nov 09, 2021 17:08 JST
Source:
Mitsubishi Corporation
MC and Kinki Sharyo Sign Contract with Egyptian Government for Rolling Stock Deliveries for Phase 1 of Cairo Metro Line 4
TOKYO, Nov 09, 2021 - (JCN Newswire) - Mitsubishi Corporation (MC) and The Kinki Sharyo Co., Ltd. (Kinki Sharyo) are pleased to announce that we have signed a contract with National Authority for Tunnels (NAT) to deliver 184 cars of rolling stock for Phase 1 of Cairo Metro Line 4(New CP 412). The total amount under this contract, in which MC shall serve as the prime contractor, is approximately 40 billion yen.
Under the terms of the contract, MC will oversee the project's schedule and day-to-day operations and Kinki Sharyo will supply the rolling stock.
Funded through ODA(1) loans from the Japan International Cooperation Agency (JICA), Phase 1 of Cairo Metro Line 4 project including New CP412 will be expected to take advantage of advanced railway technologies developed in Japan. In November 2020, MC signed a roughly 90-billion-yen contract with the Egyptian government to deliver the Railway Systems, Track and Depot Works Package (CP411) for Phase 1(2). Both contracts are yen-loan projects in Egypt under JICA's STEP(3) program. The rolling stock supplied by Kinki Sharyo will be manufactured mainly with Japanese components and delivered in stages, beginning in 2025 and concluding in 2028.
Phase 1 of Cairo Metro Line 4 will run from central Cairo to the Giza Pyramid Complex in Southwest Greater Cairo. Ongoing urbanization in the Egyptian capital has resulted in its rapid population and traffic growth, and the development of public transportation infrastructure has become a matter of urgency for city officials. Not only is Line 4 expected to help ease Greater Cairo's traffic congestion, but it also has tremendous potential as a tourist line connecting central Cairo to the pyramids and the Grand Egyptian Museum, which is currently under construction.
MC and Kinki Sharyo have been delivering rolling stock to Egypt for more than 50 years, and to date, we have supplied the country with roughly 1,600 railway cars.
Through sustained, proactive engagement in the country's railway projects, MC and Kinki Sharyo remain committed to helping to expand and upgrade the transport infrastructure and contribute to the economic growth and development in Egypt.
(1) Official Development Assistance
(2) Please see MC's press release issued on November 24, 2020: Link
(3) Special Terms for Economic Partnership
Source: Mitsubishi Corporation
Sectors: Transport & Logistics
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition
March 19 2024 15:40 JST
Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs
March 18 2024 16:29 JST
Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving
March 15 2024 11:36 JST
Mitsubishi Corporation: Participation in PAK Lithium Project in Canada
March 05 2024 15:57 JST
Mitsubishi Corporation Expands its Data Center Presence with Entry into US
March 04 2024 14:27 JST
Mitsubishi Corporation's Sale of Exportadora de Sal, S.A. de C.V., a Salt Production Company in Mexico
February 26 2024 13:29 JST
MC to Subscribe Shares in TVS Vehicle Mobility Solution in India
February 19 2024 16:42 JST
PoC Launched to Test Smart-charging Service Using EV Connected Technologies
February 15 2024 15:50 JST
Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. have entered into the Capital Business Partnership Agreement
February 06 2024 16:27 JST
First Plant to be Operated under Hydroelectric Power Alliance Goes Online
February 01 2024 20:13 JST
More Press release >>
Latest Press Release
MHI Concludes Positive Impact Finance Agreement
Mar 29, 2024 19:20 JST
Panasonic Energy and Mazda Enter Agreement Towards Supply of Cylindrical Automotive Lithium-ion Batteries
Mar 29, 2024 17:42 JST
Eisai to Divest Rights for Merislon and Myonal in Japan to Kaken Pharmaceutical
Mar 29, 2024 15:51 JST
Eisai's Brain Health Self-Check Tool "NouKNOW" is Certified as "ME-BYO BRAND" by Kanagawa Prefecture
Mar 29, 2024 15:19 JST
Eisai: Discovery Research on Dual Orexin Receptor Antagonist Lemborexant Honored with PSJ Award for Drug Research and Development 2024
Mar 29, 2024 14:32 JST
Fujitsu Selected as CDP Supplier Engagement Leader
Mar 29, 2024 10:28 JST
Mazda Production and Sales Results for February 2024
Mar 29, 2024 10:00 JST
Mitsubishi Shipbuilding Receives Order from the University of Tokyo for "MiPoLin" Power Prediction and Lines Selection System
Mar 28, 2024 16:45 JST
Mitsubishi Logisnext Completes Demonstration of Automated Truck Loading, Leading to Start of Actual Operations in Japan
Mar 28, 2024 13:52 JST
Toyota Releases Sales, Production, and Export Results for February 2024
Mar 28, 2024 13:35 JST
TANAKA to Install 500 kW Fuel Cell System to Promote the Use of Hydrogen Energy at Production Plants
Mar 28, 2024 03:00 JST
PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles
Mar 27, 2024 15:13 JST
NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy System
Mar 27, 2024 15:00 JST
TANAKA Holdings Announces Green Loan Financing for Construction of New Head Office Building
Mar 27, 2024 03:00 JST
JFE Steel and Hitachi Jointly Started Providing Solutions for the Steel Industry
Mar 26, 2024 19:04 JST
La Banque Postale and JCB join forces to elevate payments experience for travellers in France
Mar 26, 2024 15:00 JST
Fujitsu Tech Leverages AI and Underwater Drone Data for 'Ocean Digital Twin'
Mar 26, 2024 10:24 JST
NEC develops marketing strategy planning & effectiveness simulation technology using generative AI
Mar 25, 2024 10:08 JST
Toyota to Open New Tokyo Head Office in Shinagawa in FY2030
Mar 22, 2024 16:15 JST
Hitachi Selected as CDP Supplier Engagement Leader for the Third Consecutive Year
Mar 22, 2024 16:04 JST
More Latest Release >>