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Wednesday, 29 May 2019

Bombardier confirms being tapped as preferred bidder for Egypt’s monorail

Bombardier says its consortium has been tapped as preferred bidder for monorail project: A consortium of Orascom Construction, Arab Contractors, and Bombardier Transportation has been tapped as the preferred bidder to build a monorail linking Six October to the new administrative capital, Bombardier confirmed in a statement. The project would entail the construction of a 54-km-long monorail system connecting 6 October with the new administrative capital, in addition to a 42 km line that would connect 6 October to Giza. “The potential value of the bid for Bombardier Transportation is GBP 1.2 bn (USD 1.3 bn) for the Design & Build Contract. In addition, there is a 15+15 years Operations and Maintenance [agreement] with a potential value of about GBP 1.1 bn (USD 1.2 bn).” As we previously noted, the selection is not final and is subject to final confirmation.

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