GE Signs $575 Million Agreement With Ministry Of Transportation And Egyptian National Railways To Help Transform Rail Infrastructure In Egypt.

GE to supply 100 locomotives and 15-year parts agreement to support Egypt’s transportation and infrastructure needsCHICAGO and CAIRO, EGYPT; June 17: GE (NYSE: GE) announced today that it signed a Letter of Intent with the Ministry of Transportation (MoT) and Egyptian National Railways (ENR), worth $575 million, to supply 100 GE ES30ACi Light Evolution Series Locomotives that can be used for both passengers or freight rail, as well as a 15-year agreement for parts and technical support for GE locomotives in ENR’s new and current fleet. The agreement, which is the largest ever between the parties, also includes technical training aimed at improving local capabilities and technical skills for more than 275 ENR engineers and employees in region.

This strategic agreement reflects GE Transportation’s efforts to deepen and transform its global presence, meet international customers’ needs, and capitalize on the strong opportunity for international growth that’s critical to continued success.