Deal follows construction award in early March
- Alstom wins more metro contracts in Egypt
- French firm also awarded similar contract for lines one and two.
- Cairo metro to receives $214.4m as a concessional loan
Frances Alstom has been awarded two contracts totalling $85m to supply signaling systems and infrastructure work for line three of the Cairo Metro
Alstom signed two contracts with Egypts National Authority for Tunnels to supply the signaling system for phase 4A of line three. The second contract involves infrastructure work on the same project.
Alstom was also awarded similar contracts for lines one and two.
In early March, MEED reported that Egypts National Authority for Tunnels (NAT) awarded Vinci and Bouygues Travaux Publics, both of France, the construction contract to complete work on the fourth phase of the third metro line in Cairo.
Phase four of Line 3, which is 15 kilometres, will extend from the Heliopolis area to Cairo airport.
Line 3 of the Cairo metro system has a total length of almost 43.5 kilometres, serving 36 stations and is being built in four phases.
In December last year, MEED reported a $428.7m agreement between France and Cairo to fund the purchase of 64 trains for the Cairo Metro.
The agreement was signed with Frances ambassador to Egypt on 14 December, and will involve Paris providing Cairo with $214.4m as a concessional loan, which is to be repaid over 53 years. The loan will have a 20-year grace period at an annual interest rate of 0.1 per cent. The second half of the finance will come in the form of credit facilities by French export credit agency Coface.
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