The Diplomat
The Council of Ministers authorized this past Tuesday the granting of a reimbursable credit to Egyptian National Railways and the Central Bank of Egypt, charged to the Fund for the Internationalization of Enterprise (FIEM), to finance a project to supply seven sleeper trains of the TALGO company for up to 200 million euros.
According to the Government, each train would include 18 cars, which would be distributed among 15 passenger sleeping cars (five first class cars, ten second class cars), a restaurant car, a cafeteria car and a generator car. Technical highlights include the articulated coupling system between cars, the TALGO independent and guided wheel technology, the aluminum structure, and a maximum operating speed of 160 kilometers per hour.
“The strategic importance of the project lies in the fact that it will consolidate TALGO’s presence in Egypt,” the Executive highlighted. Likewise, “it can play an important role in the future penetration of other Spanish companies in the Egyptian railway market, given that the Spain Brand is beginning to have great visibility due to its technology, reliability and price competitiveness, compared to other competitors such as German, French or Korean”, he concluded.
