Three Egyptian public sector construction firms have submitted bids to execute major infrastructure projects of one billion Egyptian pounds ($55.8 million) in a number of governorates, a source in HCCD said Tuesday.
The three state-owned construction companies are Mouktar Ibrahim, Rolin, and El Nasr Company for Building and Construction (EGYCO), the official source in the state’s Holding Company for Construction and Development (HCCD) further told Amwal Al Ghad.
World Bank Group will finance the flagships that are to include three giant triple treatment drinking water stations in a bunch of villages in Sharqia, Beheira, and Kafr El Sheikh governorates, besides networks for drinking water and sewage lines, he added.
Moreover, the official clarified that other five public sector contractors have been tasked with implementing giant utilities projects in the state’s New Administrative Capital, some 45km (28 miles) east of Cairo.
As for the new capital, the anticipated city is part of the Egyptian government’s plan to expand urban areas to deal with the country’s rapid population growth and improve the nation’s infrastructure.
The city will feature 1,250 mosques and churches, a 5,000-seat conference center, nearly 2,000 schools and colleges, over 600 medical facilities and a park that is projected to be the world’s largest.