Egypt to invest in Chinese-funded electric train for new capital
Egypt has resolved to invest on a US$255mn electric train project that will run to the country’s planned new administrative capital.
The construction of the railway, which will connect the Cairo suburb of Al-Salam City with the new metropolis east of Cairo, is set to start within two to three months, the head of the National Authority for Tunnels (NAT), Tarek Gamal Al-Din, said on Tuesday.
China will also fund the new train which, according to officials, will save millions of dollars in fuel subsidies and reduce traffic.
The project will be financed through a loan from China to be paid back over 20 years.
"China is more a partner than an investor," Mohammed Shehata, Head of the Egyptian Transport Association (ETA) told Xinhua.
After it is completed, the project is expected to save the state EGP 2.3bn (US$130mn) in fuel subsidies and vehicle traffic.
It will also cut traffic by 30% on a highway connecting the capital to the Suez Canal at Ismailia port city, northeast of Cairo.
The train will be able to transport 340,000 passengers daily.
Covering 68km, the railway will mostly be above ground, and will run through the northeastern Cairo suburbs of Badr and Al-Shorouk.
The investment comes as a welcome piece of news for Egypt’s transport sector, following the fatal train crash on the outskirts of Alexandria last week.
Following the accident, Egyptian President Abdel-Fattah al-Sisi urged the government to hurry up with the development process of the country's railway network to avoid deadly train crashes.
Over the past 15 years, Egypt has witnessed several deadly railway crashes that signalled poor railway conditions and a lack of necessary railroad maintenance.
"The service that transports millions of Egyptians should be fully updated for the safety of passengers," Shehata insisted.
NetNumber: Time for a cloud-native transformation
NetNumber is accelerating the transition in the telecom industry to 5G as it starts a shift to cloud-native architecture to address the fast-paced demands of global subscribers and businesses.
NetNumber is offering the industry’s first cloud-native platform designed to ensure InterGENerational™ network performance addresses both the legacy and next-generation requirements of telecom networks.
“NetNumber has developed the industry’s most robust cloud-native, InterGENerational platform that addresses both the legacy and 5G requirements of telcos,” said Matt Rosenberg, Chief Revenue Officer of NetNumber.
The platform provides vertical and horizontal scale-out with low latency, coupled with a suite of data replication capabilities, which provide flexible architectural options that can evolve with the changing network over time.
“Cloud-based solutions from other vendors tend to be limited in terms of supporting particular network generations or protocols. We’ve created our latest platform TITAN.IUM to allow customers to take any generation of applications, any generation of legacy services and protocols and move them into the new world of cloud-native architecture,” said Rosenberg.
“This is a really important part for a carrier to harmonise their network, bring data services together, bring legacy with new together in order to make a more effective and efficient network, as well as reduce their cost as they scale forward,” he said.
Established in 1999, NetNumber has fostered a strong team environment that leverages the industry’s best skills to offer software solutions tailored for carriers of all dimensions. Based outside of Boston and with presence in over 20 countries, the company delivers a range of products that address all generations (2G, 3G, 4G, 5G) of network functions in the core network, deep rooted security products and services, STIR/ SHAKEN and set of options around data services in more than 90 countries.
Steeped in experience in building telecom solutions, software, protocol stacks, and integration of third party tools, the company’s development organisation has proven to supply to the industry with the most reliable and flexible solutions on the market.
“At NetNumber, we focus on our core competencies – we are dedicated to providing industry expertise in signaling, routing, security, subscriber management and data services. We provide customers a strong ROI through platform-based solutions that reduce Capex and Opex in the long-term,” commented Rosenberg.
Five reasons why customers choose NetNumber:
- Expertise - NetNumber has experts with deep knowledge in signaling/routing, security, and subscriber database management.
- Integration - An industry-first platform brings together domain services, applications, security, and global data services.
- Scale - NetNumber has the ability to seamlessly increase network efficiency using vertical and horizontal scaling.
- Speed - World-class solutions have the power to help companies create new service offerings and accelerate time to ROI.
- Savings - Customers enjoy significant savings in capex and opex, flexible deployment models, and investment protection.
NetNumber and Virgin Mobile MEA
“We're very proud of our partnership with Virgin Mobile MEA as they've taken the concept of the InterGENerational platform into their regional network strategy,” commented Rosenberg. “That’s accelerated how they develop exceptional services across the Middle East and Africa region.
“We work with them hand-in-hand to deliver multiple applications onto our platform which has enabled them to provide exceptional, advanced and innovative services to their customers across the Middle East, who demand high quality services.
“What they've really taken advantage of is scale. What I mean by that is they are putting multiple generations of applications and services onto the same platform and distributing that data across their network. That has resulted in an advantageous position of time to market and operational savings.
“Rather than having different applications for many different vendors that cause operational chaos, they've been able to consolidate that and reduce their operating costs by having everything on one common architecture. We’ve had a long-term relationship with Virgin Mobile in Saudi Arabia, and recently signed an agreement with Virgin Mobile in Kuwait.”
Rosenberg says that with these solutions, Virgin Mobile MEA can take advantage of getting to the market much quicker and faster—which is what today’s discerning customer demands.