A consortium of Orascom Construction, Arab Contractors, and Bombardier Transportation was selected as the preferred bidder to carry out a EUR 3 bn (USD 3.36 bn) monorail project, linking 6th of October City to the New Administrative Capital (NAC), Invest-Gate reports.
The Bombardier-led consortium will be involved in building a 54-kilometer monorail system connecting east Cairo with NAC and another 42-kilometer line that will link 6th of October City with Giza, Bombardier Transportation stated in a press release on May 27.
The bid win is still subject to final confirmation and a contract has yet to be signed with the Egyptian government, it noted.
The potential value of the bid includes USD 1.3 bn to design and build the project, in addition to another 30-year operations and maintenance deal worth USD 1.2 bn, the Canada-based company confirmed, highlighting that the rolling stock part of the order will be developed and built in Derby, UK.
In January, Egypt’s Prime Minister Mostafa Madbouly has revealed that the two monorail projects, which will have 27 trains, will be able to carry around 48,000 commuters per hour in each direction, adding, “The first phase will have 108 railroad cars that can transport 24,000 passengers at speeds of up to 80 kilometers per hour.”