EGYPT’s National Authority for Tunnels (NAT) has signed a contract with a consortium of Orascom Construction and Mitsubishi Corporation to execute the railway systems, track and depot works package (CP411) for Cairo Metro Line 4 Phase 1.
The turnkey contract is price round $US 800m, with Mitsubishi’s share price round €450m and Orascom’s price round $US 350m.
The scope of labor contains provide and set up of signaling, energy provide, telecommunications, platform display screen doorways, automated fare assortment in addition to monitoring work and set up work on the depot and workshop.
The mission will be financed by a mortgage from the Japanese Worldwide Company Company (Jica) by a Particular Technical Financial Partnership (STEP), which is being utilized in Egypt for the first time.
Section 1 of the underground line will stretch for 19km with 16 stations, connecting the center of Larger Cairo with Giza. The road is anticipated to be closely utilized by vacationers, as it should present a reference to the pyramids and the under-construction Grand Egyptian Museum and can assist to scale back highway congestion
In December 2014, the French authorities agreed to offer a €344m mortgage to finance the acquisition of 64 trains for strains three and 4.
Orascom Building not too long ago delivered the 8km Cairo Metro Line three Section 4B, which incorporates 5 elevated stations and a depot. The corporate can also be at present constructing monorails between east Cairo and New Administrative Capital, and sixth October Metropolis and Giza, the world’s longest monorail system.
