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Orascom Construction consortium sign $800 million contract on Cairo Metro Line 4 construction – Politics – Egypt

A consortium between main engineering contractor Orascom Building PLC and Japanese Mitsubishi Company has signed a contract value round $800 million to execute building work on the first part of line 4 of the Cairo Metro.


In accordance with the contract, the scope of the work contains signaling, constructing an influence provide, establishing telecommunications, constructing a platform display door, automated fare assortment, monitor work, and constructing a depot, a press release by Orascom Building learn on Tuesday.


The contract was signed with the Egyptian Nationwide Authority for Tunnels (NAT); Orascom’s share of the turnkey contract is $350 million.


The primary part of this underground line will lengthen for 19 kilometres, by means of 16 stations, between the middle of Better Cairo and the Pyramids space in Giza.


The challenge to assemble this mass fast transport metro line’s first part shall be funded by the Japanese Worldwide Company Company by way of a Japanese yen mortgage, beneath the situation of the Particular Technical Financial Partnership, which is the primary to be carried out in Egypt, based on the assertion.


“This contract is a testomony to our energy within the transportation sector and builds on our longstanding involvement within the improvement of the Cairo Metro,” Orascom Building CEO Osama Bishai mentioned.


“This challenge additionally positions us for future work on this sector, starting from new phases of the Cairo Metro to new railway tasks,” he added.


Orascom Building’s latest cooperation with the NAT included delivering part 4 B of Metro line three earlier this 12 months, extending throughout round seven kilometres. The challenge was executed by Orascom and the Egyptian Arab Contractors.


In August final 12 months, Orascom Building’s consortium with German Bombardier Transportation and the Arab Contractors signed a cope with the NAT to execute two monorail traces to attach East Cairo with the New Administrative Capital and 6 of October Metropolis with Giza.

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— to english.ahram.org.eg

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