French firms awarded latest Cairo metro construction contract
- Cairo awards metro contract to French team of Bouygues and Vinci
- Work on final phase of line three to start
Egypts National Authority for Tunnels (NAT) has 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 agreementbetween 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 credit company Coface.
According to Naglaa el-Ahwany, Egypts international cooperation minister, French financing of Cairos metro network totalled $1.5bn between 1979 and 2012.
Almost 30 years after it opened, the network is still being expanded
The Cairo Metro is run by the National Authority for Tunnels and carries about 3 million passengers a day, a figure forecast to rise to 5 million by 2020. The network consists of two lines that are fully operational and a third that is under construction.
The first section of Line 3 was opened in February 2012, and the entire line is set to be completed by October 2019. A planned fourth line has yet to be tendered, and two further lines are expected to follow. Read more.
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