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Thursday, 2 March 2017

Bombardier, OC to begin work on monorail project in 2H2017?

A consortium led by Canada’s Bombardier and Orascom Construction will begin implementing the monorail project connecting Sixth of October to Giza in the second half of this year, Canadian Chamber of Commerce in Egypt Chairman Fayez Ezeldin told Al Mal. The project, which costs USD 1.1 bn, will take two years to complete. Ezeldin said it will include 12 stations in its first phase and another five in the second. The government has not yet made an official announcement of the award, which was expected to have been made public back in November. The consortium, previously said to have included Arab Contractors, was reported to have won the contract back in 2015, but later found it faced competition from a Chinese group.

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