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