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Tuesday, 10 May 2016

OC awarded new Cairo Metro Line III contracts worth EUR 270 mn

Orascom Construction (OC) was awarded two additional contracts worth EUR 270 mn to execute the civil and track work for the third phase of Cairo Metro Line 3. The awards bring OC’s share of the third phase of Cairo Metro Line 3 to EUR 375 mn. OC says the third phase of the project “will stretch across 18 km of tunnelling and viaduct works which will include 15 elevated, grade and underground stations. Both new contracts will be executed by Egyptian-French consortiums that have worked repeatedly on Cairo Metro. Orascom will complete the civil package in a consortium with VINCI, Bouygues and Arab Contractors, and the track works package in a consortium with with TSO (NGE Group) and ETF, a subsidiary of Eurovia. Funding for the third phase of Cairo Metro Line III is provided by French and European entities.”

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