Orascom-Mitsubishi win $800m Cairo metro contract
01 January 2021
Egypt-based Orascom Construction said its consortium with Mitsubishi Corporation has secured a major contract from the National Authority for Tunnels (NAT) to execute the railway systems, track and depot works package for the first phase of Cairo Metro Line 4.
The total value of the turnkey contract is $800 million, of which Orascom Construction’s share exceeds $350 million, said the company. The scope of work includes signalling, power supply, telecommunication, platform screen door, automatic fare collection, track work and the depot/workshop, it stated.
Cairo Metro Line 4 will be constructed as a new underground line. Phase One will stretch across 19 km and 16 stations, connecting the centre of Greater Cairo to the pyramids area in Giza. It is also expected to be a main metro line arriving up to the pyramids area and the Grand Egyptian Museum (being built by Orascom Construction and Besix).
The project is being funded by a Japanese Yen Credit Loan provided by the Japanese International Corporation Agency (JICA) under the Special Technical Economic Partnership (STEP), implemented for the first time in Egypt.
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