Egypt to sign Bombardier Monorail contracts by end of month?
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also discussed further cooperation in the sector with the company, including a potential agreement to upgrade 40 outdated locomotives.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.