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.
* Data provided by Timetric's Construction Intelligence Center.