A joint venture of Orascom Construction and Arab Contractors has secured a €590M contract to deliver Phase 4B of Cairo Metro Line III in Egypt.Under the contract, awarded by the National Authority for Tunnels, the JV will be responsible for the full scope of the new phase that will stretch 6.1km across a viaduct and five elevated stations.Orascom Construction’s share of the contract is valued at about €295M. Phase 4B follows the group’s previously-announced contract awards for the third line of Cairo Metro.The group is currently executing contracts amounting to about €375M for Phase III and €90M for Phase 4A.
The European Bank for Reconstruction and Development (EBRD) has agreed to provide $250M for infrastructure projects in Egypt.EBRD has signed two memorandums of understanding (MoU) with Egypt’s Ministry of International Cooperation (MOIC) aimed at improving services in the transport and water sectors.Under the first MoU, EBRD will support the refurbishment of the Heliopolis tram link between the Ramsis and Almaza areas in Cairo. The entire cost of the project is estimated to be $500M.The second MoU is the bank’s first formal engagement in developing a water irrigation system — part of a programme developed by the Ministry of Water Resources and Irrigation (MWRI) of Egypt for the modernisation of the irrigation system to increase efficiency and quality of services.
Orascom Construction has won two more contracts for the third phase of Cairo Metro Line III, to execute the civil and track work. Stretching across 18km of tunnelling and viaduct works, the third phase will include 15 elevated, grade and underground stations. The contracts, with a combined value of about €270M, will bring the company’s share of the third phase of Cairo Metro Line III to €375M.Orascom will deliver the civil package in a consortium with VINCI, Bouygues and Arab Contractors, and the track works package in a consortium with TSO — the railway subsidiary of NGE Group — and ETF, a subsidiary of Eurovia. Orascom Construction CEO Osama Bishai said: “We are pleased to expand our market share in the transportation sector and particularly the Cairo Metro program.“We remain focused on adding quality contracts to our backlog that will lead to healthy returns for our shareholders.”
A joint venture (JV) of Vinci Construction Grands Projets and Bouygues Construction subsidiary Bouygues Travaux Publics, along with Egyptian partners Orascom Construction and Arabco Contractors, has bagged the €1.1bn Phase 3 contract for Line 3 of the Cairo metro from the National Authority for Tunnels.
Dutch port operator APM Terminals is set to develop a new trans-shipment terminal at the Tanger Med 2 port complex in the Moroccan city of Tangier.Estimated to cost €758m, APM Terminals MedPort Tangier will have annual capacity of 5m TEUs, increasing the port's total annual throughput capacity to over 9m TEUs. It will feature the latest technology and have up to 2,000m of quay length, along with the technology pioneered at the APM Terminals Maasvlakte II Rotterdam terminal. APM Terminals already operates the APM Terminals Tangier facility at Tanger Med 1 port. The 30-year concession of APM Terminals MedPort Tangier at Tanger Med 2 port will complement the current operations of the existing APM Terminals Tangier facility.The new terminal is scheduled to commence operations in 2019.APM Terminals CEO Kim Fejfer said: "Terminals MedPort Tangier will bring important innovation and future capacity into the West Med market on one of the world's most strategic seaways - the Strait of Gibraltar."
Kenya Railways has signed a contract with China Communications Construction Company (CCCC) for the construction of the Naivasha-Malaba Standard Gauge Railway line under the Kenya SGR Developments Project valued at KES549bn ($5.4bn).A protocol for the development of a standard gauge railway connecting the port of Mombasa to Kampala, Kigali and Juba was signed and ratified by Kenya, Uganda, Rwanda and South Sudan.Kenya is developing the Mombasa-Malaba section of the entire proposed network to Kigali through Uganda. Construction on the Mombasa to Nairobi section is at an advanced stage.The commercial contract will include four elements: the Naivasha-Kisumu section; Kisumu Malaba section; Kisumu Port Development; and modernisation and expansion of the Inland Container Depot (ICD) at Embakasi in Nairobi.The contract will allow the two companies to jointly conduct a feasibility study for the Nairobi to Malaba section of the project; facilitate transfer of technology; and create skills and capacity for construction, maintenance and operation of the railway upon completion.The Kenyan government has secured a $1.5bn loan from the Chinese government to support the development of Phase 2A between Nairobi and Naivasha. Construction on the project will begin by the end of 2016.