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Three consortiums bid for the Alexandria metro project: Three consortiums of local and international contractors have submitted final bids in a tender for the EUR 1.6 bn project to convert Alexandria’s Abu Qir railway into an underground metro, unnamed sources reportedly told Al Shorouk. The three bidders beat out five others who were eliminated in a previous round of the tender, according to the newspaper.
Who wants in?
- French rail manufacturer Alstom, Hassan Allam Holding, Arab Contractors and Concord;
- France’s Thales and Orascom Construction;
- China Road and Bridge Corporation, China Railway Signal & Communication Co., Concrete Plus, El Soadaa Group, and Adler.
What’s next: We were previously told that the Transport Ministry will look into the financial and technical bids in March.
Who’s paying? The European Investment Bank and the European Bank for Reconstruction and Development are investing a combined EUR 1 bn in the project, while the government will finance 15% of the cost, according to local media.
