Back to the complete issue
Monday, 8 August 2016

Gezhouba-led consortium submits USD 1.1 bn bid for monorail project

A consortium consisting of China Gezhouba Group, Petrojet, Concord Engineering, and CRRC Corporation submitted a USD 1.1 bn bid for the monorail project linking Six of October to Giza, Gezhouba Egypt representative Ezzeldin Gawary told Al Shorouk. The Cabinet had requested all participating companies to amend their prices for tickets based on the most recent EGP devaluation, he added. The Gezhouba financial proposal of USD 1.1 bn is USD 200 mn less than the competing bid, said Gawary. A consortium between Orascom Construction and Bombardier Inc is also bidding on the project.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.