Two consortiums of predominantly Chinese companies have submitted their technical and financial offers to construct the USD 8.5 bn Alamein-Ain Sokhna electric railway, a government official tells Al Shorouk. The first consortium is comprised of China Civil Engineering Construction Corporation (CCECC), China Railway Construction Corporation Limited (CRCC), local construction firm Samcrete, and the Arab Organization for Industrialization. The second includes China Railway Engineering Corporation (CREC), the China State Construction Engineering, Germany’s Siemens, the French state-owned railway company SNCF, Arab Contractors, and Orascom. The Transport Ministry is expected to announce the winning bid next month. Six other consortiums were bidding for the tender but withdrew.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…