Wabtec Wins Major Locomotive and Services Deal from Egyptian National Railways
November 08 2021 - 9:27AM
Business Wire
Order includes 100 locomotives and multi-year service agreement
to support Egypt’s rail infrastructure needs
Wabtec (NYSE: WAB) signed today contracts with Egyptian National
Railways (ENR) to supply 100 ES30ACi Evolution Series Locomotives,
as well as a multi-year service agreement to maintain the fleet.
The agreement supports ENR’s continued modernization effort by
providing the latest, fuel-efficient locomotives needed for the
growing demands on Egypt’s rail infrastructure. The locomotive
supply contract is funded by the European Bank for Reconstruction
and Development.
To celebrate the agreement, several dignitaries from the
Ministry, ENR and Wabtec attended a signing ceremony including:
H.E. Kamal El Wazir, Minister of Transport; Engineer Mostafa Abu El
Makarem, ENR Chairman; and G�khan Bayhan, Wabtec’s Senior Vice
President for Russia/CIS, Europe, Middle East and North Africa.
“This order underscores the commitment by the Ministry of
Transportation and Egyptian National Railways to provide
world-class passenger service,” said Bayhan. “These locomotives
will provide the quality, performance and reliability needed to
meet the needs of Egypt’s rail network. With this agreement, we
will help Egyptian National Railways move passengers and products
faster and more efficiently.”
Deputy Chief of Mission for the United States Embassy in Cairo,
Nicole Shampaine said: “We are thrilled to see this important deal,
evidence of the close U.S.-Egypt economic partnership. U.S. firms,
like Wabtec, deliver value, efficiency, and reliability to Egypt as
the country modernizes its rail system, and pursues its sustainable
development strategy of ‘Vision 2030.’ We look forward to continued
collaboration with the Ministry of Transport on future projects to
modernize Egypt’s growing transportation sector.”
The ES30ACi Locomotive is a double-cab locomotive delivering
best-in-class fuel efficiency, lowest total cost of ownership, and
high performance in high temperature environments. It will be
equipped with a 12-cylinder, 3,300 horsepower Evolution Series
engine, AC traction technology, individual axle control, and
dynamic brakes.
Wabtec has been a committed partner in Egypt for more than 40
years. With this deal, the company will have over 300 locomotives
in ENR’s fleet. This agreement builds on our longstanding
partnership with the Ministry of Transportation and ENR. The
company will deliver the locomotives to ENR in 2023.
About Wabtec
Wabtec Corporation (NYSE: WAB) is focused on creating
transportation solutions that move and improve the world. The
company is a leading global provider of equipment, systems, digital
solutions and value-added services for the freight and transit rail
industries, as well as the mining, marine and industrial markets.
Wabtec has been a leader in the rail industry for over 150 years
and has a vision to achieve a zero-emission rail system in the U.S.
and worldwide. The company has approximately 27,000 employees
located at facilities in 50 countries throughout the world. Visit
Wabtec’s website at: www.wabteccorp.com.
About Egyptian National Railways
Egyptian National Railway is one of the largest economic
institutions in Egypt and the Arab world and is the largest in the
area of transport services (passengers and goods). It's considered
the backbone of passenger transport in Egypt.
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Wabtec Media Contact: Tim Bader 682-319-7925
tim.bader@wabtec.com
Wabtec Investor Contact: Kristine Kubacki, CFA
412-450-2033 Kristine.Kubacki@wabtec.com
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