Egypt and South Korea have signed a memorandum of understanding to launch a hydrogen-powered tram project in the New Administrative Capital. The agreement was signed between the Egyptian Tunnel Authority and Hyundai Rotem, a South Korean company. The project aims to introduce hydrogen-powered transportation and enhance cooperation in railway projects between the two countries.
Under the MoU, Hyundai Rotem will supply 44 hydrogen-powered tram units to the Egyptian Tunnel Authority. The two parties will also explore commercial cooperation, including construction, systems, operation, and maintenance. A comprehensive feasibility study will be conducted to review the project's viability and develop concrete plans for its implementation.
The agreement was announced during Egyptian President Abdel Fattah El-Sisi's three-day visit to South Korea, which began on October 7. The visit was invited by South Korean President Lee Jae-myung. El-Sisi's visit aims to strengthen bilateral relations and explore new opportunities for cooperation between the two nations.
South Korean Trade, Industry and Energy Minister Kim Jong-kwan said that Egypt and South Korea have enjoyed a cooperative relationship based on friendship and mutual trust for over 30 years since establishing diplomatic ties in 1995. Kim added that his country will support the establishment of an advanced commercial foundation, including promoting the Korea-Egypt Comprehensive Economic Partnership Agreement.
The hydrogen-powered tram project is part of Egypt's efforts to modernize its transportation infrastructure and reduce its carbon footprint. The New Administrative Capital is a major development project that aims to create a sustainable and environmentally friendly city. The tram project will contribute to the city's transportation network and provide a sustainable mode of transportation for its residents.
Hyundai Rotem is a leading manufacturer of railway vehicles and has extensive experience in developing hydrogen-powered trains. The company's technology will play a crucial role in the success of the tram project. The Egyptian government has expressed its commitment to investing in sustainable infrastructure projects, and the hydrogen-powered tram project is a significant step in this direction.
The cooperation between Egypt and South Korea on the hydrogen-powered tram project reflects the growing bilateral relations between the two countries. The project is expected to have a positive impact on the environment and the economy, and it will contribute to the development of sustainable transportation systems in Egypt.
Key points
- Egypt and South Korea have signed a memorandum of understanding to launch a hydrogen-powered tram project in the New Administrative Capital.
