The first batch of passenger wagons produced by Russia for 'European scale' rails for foreign countries reached Egypt. As explained by the Russian Ministry of Industry and Trade, the amount of the contract exceeds one billion euros.
According to the news in Sputniknews; “The first batch of passenger wagons produced by Russia for 'European scale' (1435 millimeter) rails for foreign countries reached Egypt. According to the statement on the official site of the Russian Ministry of Industry and Trade, the amount of the contract exceeds one billion euros.
Russian Industry and Trade Minister Denis Manturov said, “Within the framework of production cooperation between Russian and Hungarian producers, several more party wagons will be sent to Egypt. I believe that this joint project will be the next important step in the development of relations between our countries and will contribute to the development of Russia's non-resource and energy exports ”.
The first wagons reaching Egypt were delivered at a ceremony held at the Port of Alexandria. Under the contract signed in September 2018, the supply of 1.300 train wagons is envisaged. The project, which is financed by the Hungarian and Russian export-import banks, is produced within the wagon production factory in Tver, Russia, and in Hungary.