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Sunday, 6 December 2020

Also on our radar on 6 December 2020

Still more metro + railway news: Bombardier is set to begin manufacturing in 1Q2021 the railcars for the two planned monorails that will link Sixth of October City to Giza and Nasr City to the new capital, under a USD 4.5 bn contract signed last year. The manufacturing phase was previously scheduled to begin this year. French public transport operator RATP is bidding for the contract to manage and operate the electric rail line from Salam City to 10th of Ramadan City. Meanwhile, the new electric line connecting Abu Qir Port to West Port Said is expected to cost EUR 6 bn.

Other things we’re keeping an eye on this morning:

  • Orascom Construction, Arab Contractors, Hassan Allam and an unnamed company have formed a consortium to build the new administrative capital’s water supply network in an EGP 15 bn project.
  • A roll-on roll-off vehicle terminal being built by a consortium led by Japan’s Toyota Tsusho in East Port Said will be operational in January 2021.
  • The restructuring of the state-owned National Investment Bank should be complete by mid 2021, planning minister and bank chairman Hala El Said told Al Mal.

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