Talgo is negotiating to manufacture 100 trains for Egypt and to set up a factory in the country

Talgo and the Egyptian State Railways (ENR) have signed an agreement of intent to study the possible manufacture of a fleet of up to 100 trains and the construction of a factory in the Arab country for its execution, according to what the company confirmed this Friday to the National Securities Market Commission (CNMV).

However, Talgo has stressed that this operation is currently "under study and negotiation", so it does not imply "any commitment or contractual implication for the parties".

The Spanish company explained that this agreement aims to consolidate the long-term relationship with ENR by studying possible future collaborations "and beyond the projects currently underway".

In this regard, Talgo recalls that it is currently executing a project for ENR consisting of the manufacture and maintenance of six trains.

In August 2022, the two companies signed a second contract for the manufacture of night trains, the entry into force of which is currently pending preconditions linked to the financing of the project.