NGE nge capital limited

News: NGE UPDATE 1-France's NGE announces deal to build 330km of high-speed trainline in Egypt

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    (Adds names of companies that awarded the contract)

    CAIRO, Feb 23 (Reuters) - French construction company NGE has signed a contract to build 330km of a high-speed train line connecting the Red Sea Port of Sokhna with Borg al-Arab near the Mediterranean port of Alexandria, it said on Thursday.

    Egypt's National Authority for Tunnels in May signed a contract with Siemens Mobility, Orascom Construction OC.DI and Arab Contractors to build about 2,000km of high-speed railway for what would be the world sixth-largest such network.

    A section awarded to NGE is part of a 600km double-track line that will further extend to Marsa Matrouh on Egypt's north west coast, an NGE statement said.

    Egypt will later build another line from Cairo to Luxor and a third between Luxor and Hurghada on the Red Sea coast.

    The construction will be carried out by NGE subsidiary TSO, the statement said.

    NGE declined to disclose the value of the contract, which it said was awarded by Orascom Construction and Arab Contractors.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$1.22
Change
0.000(0.00%)
Mkt cap ! $41.84M
Open High Low Value Volume
$1.22 $1.22 $1.22 $37.70K 30.90K

Buyers (Bids)

No. Vol. Price($)
2 54094 $1.20
 

Sellers (Offers)

Price($) Vol. No.
$1.23 50000 1
View Market Depth
Last trade - 12.44pm 05/09/2025 (20 minute delay) ?
NGE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.