Three companies share €800 million deal to modernise Cairo’s Metro Line 1
02 September 2024
Cairo metro station with motion blurred train and passengers - Cairo, Egypt via Orhan Çam via AdobeStock - stock.adobe.com
Egypt-based Orascom Construction has won a deal to modernise Cairo’s Metro Line 1 as part of a consortium with Colas Rail and Hitachi.
Line 1 stretches for 44km, connecting 35 stations and the modernisation project starting in October this year aims to improve its efficiency and capacity while improving safety and performance levels.
Colas Rail and Orascom Construction will modernize the electric power supply, catenary and electromechanical systems in stations, tunnels and on the rail track, along with related civil works. Hitachi Rail will modernize the signalling, control and telecommunications infrastructure.
The total value of the project, which is set to last 64 months, is approximately €800 million (US$885.3 million), of which Orascom Construction’s share is 35%.
The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and L’Agence française de développement (AFD) are all contributing funding towards the project.
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