Mitsubishi Heavy Industries, Ltd. (MHI) has submitted a €200 million ($194 million) technical and financial offer to Egypt’s Ministry of Transport to develop 32 trains, which are operating on the first line of the subway.
The company is scheduled to hold a meeting with the Minister of Transport Kamel El-Wazir to discuss the proposal and financial offer for developing the 39 trains.
Earlier, the Japanese company has submitted another offer to the Ministry which includes the maintenance of the first and second lines of the metro to raise the level of safety.
Noteworthy, Mitsubishi has contracted with the ministry to supply 23 new metro trains for the fourth line, which the ministry currently intends to implement through a consortium of Japanese and local companies.
The ministry has launched an international tender to modernise the first line at €750 million ($727 million), which includes changing railway lines, as well as electrifying signals and communications on the first line.