Your top infrastructure stories for the week:

  • Transit: The National Authority for Tunnels awarded a consortium of Hill International and HJI Group Corporation the consultancy services contract for the new monorail lines connecting the new administrative capital and Sixth of October city.
  • Debt forgiveness: The New Urban Communities Authority has granted a six-month grace period for companies to pay for land plots in fourth generation and Upper Egypt cities.
  • New Alamein development: Orascom Construction and Hassan Allam have won contracts from the New Urban Communities Authority to build five towers in New Alamein.
  • Water security: The Housing Ministry is in talks with seven unnamed companies to build seawater desalination plants as part of the government’s recently-announced 30-year plan to increase potable water capacity.
  • Financing: The European Bank for Reconstruction and Development has approved a two-year USD 25 mn working capital loan to Orascom Construction to support the company’s working capital requirements.
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