Orascom Construction wins $308 million Cairo metro line contracts

Egypt’s Orascom Construction has won two contracts worth €270 million ($307.75 million) for work on the third phase of Cairo’s third metro rail line, it announced on Monday.

Orascom will complete the civil package in a consortium with French construction companies Vinci and Bouygues and Arab Contractors, and the track works package in a consortium with TSO, part of France’s NGE Group, and ETF, a subsidiary of Eurovia, it said in a statement.

The contracts will bring the total value of the company’s share of the third phase of the metro line to €375 million, it said, adding that funding for the third phase is being provided by French and European entities.

The third phase of the metro will stretch across 18 km (11 miles) of tunnelling and viaduct works which will include 15 elevated, grade and underground stations, the firm said.

Orascom won a $180 million contract for work on the first phase of the expansion in 2007 and won contracts worth $140 million for the second phase of the third metro line in 2009.

Source: Reuters