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A South Korean consortium led by railway system maker Hyundai Rotem signed a 124.8 billion-won ($110.3 million) contract to upgrade a railway signal system in Egypt, the company announced on Thursday.
The contract was signed with state-run Egyptian National Railways to supply the signalling system for the Nag Hammadi-Luxor line, located along the upper Nile River, in the next three years, Hyundai Rotem added in a regulatory filing.
Under the contract, the signal system includes automatic train protection and an electronic interlocking system along the 118-km railway line.
