LAZ to deliver 289 buses worth $70 mln to Egypt

18:07, 30.06.2015 1 min read

City Transport Group, the managing company of Lviv Bus Plant (LAZ), on June 28 signed a contract to supply 289 buses to the transport service of Cairo (Egypt) during the year.

According to the press service of the Ukrainian Embassy in Egypt, the contract is worth $70 million.

The contract was signed in the presence of Egypt Prime Minister Ibrahim Mehlab and Cairo Governor Galal el-Saeed, as well Ambassador of Ukraine to Egypt Hennadiy Latiy.

The report notes that the final assembly of the buses will take place at the facilities of Ghabbour Auto in Ain Sukhna.

An informed source has told Interfax-Ukraine that negotiations on the supply of LAZ buses to Egypt have been held for two years. It did not specify the details of organizing the production of such a large batch of LAZ buses at the holding, which is currently preparing to resume production at plants in Lviv and Dniprodzerzhynsk which was halted in 2014.