Egypt to sign Bombardier Monorail contracts by end of month?
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Gov’t to sign monorail contracts by end of month? The Transport Ministry is planning to sign this month the contracts awarding a consortium made up of Orascom Construction, Arab Contractors, and Bombardier Transportation to build the monorails linking 6 October City to Giza and Nasr City to the new administrative capital, according to a ministry statement. The contract’s parties are currently in the final negotiation stages, said the statements which follows a meeting between the Bombardier execs and the ministry. The meeting also discussed further cooperation in the sector with the company, including a potential agreement to upgrade 40 outdated locomotives.
Background: The consortium was tapped as the tender’s preferred bidder last month, after languishing without a winning bidder and contracts signed for four years. The USD 1.3 bn project would entail a 54-km-long monorail system connecting Nasr City with the new administrative capital, and a 42 km line that would connect 6 October to Giza.