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Wednesday, 20 May 2020

Orascom and Bombardier break ground on USD 4.5 bn new capital-Nasr City monorail

Orascom, Bombardier, Arab Contractors begin construction of new capital-Nasr City monorail: Orascom Construction, Canada’s Bombardier Transportation, and Arab Contractors have broken ground on the USD 4.5 bn new administrative capital monorail project, which will connect East Cairo to the new capital, according to a company statement. The company did not disclose the expected timeline for completing the project.

Background: The Orascom-Bombardier-Arab Contractors consortium finalized last year the monorail agreement with the National Authority for Tunnels. The agreement will see the consortium design, build, supply and operate the lines, which will link Sixth of October City to Giza and Nasr City to the new administrative capital. The consortium will also be responsible for the operation and maintenance of both lines for 30 years and will design and build all infrastructure and civil works, including stations, guideway structures and new depot buildings.

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