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Thursday, 22 December 2022

Three consortiums are in the running for the EUR 1.6 bn Alexandria metro project

Three consortiums qualify for bidding on Alexandria metro project: An alliance of our friends at Hassan Allam and France’s Alstom is among three consortiums of local and international companies that have qualified to bid for the EUR 1.6 bn project to convert Alexandria’s Abu Qir railway into an underground metro, a senior executive at Hassan Allam told Enterprise. The other qualified bidders include a consortium of our friends at Orascom Construction and UK rail infrastructure firm Colas Rail, and a group of unnamed Chinese companies, according to a report in Amwal Al Ghad. The Transport Ministry will look into the financial and technical bids in March. The European Investment Bank and the European Bank for Reconstruction and Development are investing a combined EUR 1 bn in the project, while Amwal Al Ghad’s sources say the government will finance 15% of the cost.

And another six companies are bidding to supply the rolling stock: Korean Hyundai Rotem, Spain’s CAF, China’s Norinco, Italy’s Hitachi Rail, and Russia’s Metrowagonmash, the news outlet reports.

CORRECTION- This story was amended on 22 December 2022 to correct the name of the Hassan Allam and Alstom consortium, which had been incorrectly reported by the domestic press.

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