Orascom wins $307.5m contracts for Cairo Metro line
Third phase of Line 3 project will consist of 18km of tunnelling and viaduct works
Egypt’s Orascom Construction has won two contracts worth $307.5 million for the third phase of the Cairo Metro Line 3, it has been announced.
The contractor will complete the civil package of the project in a consortium with the French construction companies Vinci and Bouygues and Arab Contractors, a Reuters report said. The track works package will be completed in a consortium with TSO, which is part of France’s NGE Group, and ETF – a subsidiary of Eurovia.
The company said in a statement that the contracts will bring the total value of the company’s share of the third phase of the metro line to $427 million. It added that funding for the third phase would be provided by French and European entities.
The third phase of the metro will consist of 18km of tunnelling and viaduct works, which will include 15 elevated, grade and underground stations.
Back in 2007, Orascom won a $180 million contract for the first phase of the metro expansion, and in 2009 it won further contracts worth $140 million for the second phase of the third metro line.
Earlier this year, Orascom Construction announced that it had signed deals worth a total of $200 million for industrial and infrastructure projects in Egypt and Algeria.
