{"id":567595,"date":"2020-12-01T03:59:35","date_gmt":"2020-12-01T03:59:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/"},"modified":"2020-12-01T03:59:35","modified_gmt":"2020-12-01T03:59:35","slug":"bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/","title":{"rendered":"Bechtel in pole position to snag master contract for Cairo Metro Line Six"},"content":{"rendered":"

<\/a> Bechtel looks set to land the master contract for Cairo\u2019s sixth Metro line<\/strong>, Transport Minister Kamel El Wazir said yesterday at an AmCham event, according to a report by Reuters\u2019<\/a> Patrick Werr.<\/p>\n

On the fast track: <\/strong>El Wazir said his ministry is \u201cworking on a memorandum of understanding with Bechtel for feasibility studies and implementation of the USD 5 bn, 30 km sixth metro line\u201d and that \u201cjust yesterday \u2026 we reached near-agreement. We told them to submit a written offer. If we reach agreement we will begin working at once and expedite all the contracts and agreements.\u201d<\/p>\n

Financing for the new Metro line is already in place<\/strong> from Canada, the US, Britain, France and Japan, Reuters quotes El Wazir as saying. Our take: Look for this to be coming from export credit agencies angling to ensure their countries\u2019 companies get a piece of the action; Export Development Canada and similar agencies in Russia and Hungary have all recently provided finance to the rail industry.<\/p>\n

This is just the latest on a really long list of rail projects <\/strong>the government has unveiled in recent weeks, most of which the Sisi administration expects to wrap up by 2024, El Wazir suggested yesterday. Six major rail agreements were inked at an industry conference last week, the Transport Ministry said<\/a>, and the Sovereign Fund of Egypt and SCZone are partnering with Orascom Construction, Samcrete, Hassan Allam Holding and Connect Information Technology in the new National Egyptian Company for Railroad Industries (NERIC)<\/a>, which plans to invest as much as USD 10 bn in the sector <\/strong>\u201cover the next few years,\u201d the Planning Ministry said.<\/a><\/p>\n

Projects already underway or in the pipeline include <\/strong>a 19km first phase of Cairo Metro line four, a line linking Six October to the Nile, a multi-bn fast-rail line, at least two lines in Alexandria, and two monorail projects in Cairo. We had a <\/strong>detailed rundown on plans to upgrade the nation\u2019s ailing rail network<\/a><\/strong> back in February, just before corona.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bechtel looks set to land the master contract for Cairo\u2019s sixth Metro line, Transport Minister Kamel El Wazir said yesterday at an AmCham event, according to a report by Reuters\u2019 Patrick Werr. On the fast track: El Wazir said his ministry is \u201cworking on a memorandum of understanding with Bechtel for feasibility studies and implementation […]<\/p>\n","protected":false},"author":1,"featured_media":567596,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7278],"tags":[1001,72,7111,209,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-bechtel","tag-enterpriseam","tag-infrastructure","tag-kamel-el-wazir","tag-transport","wpautop","entry"],"acf":{"mongo_id":"c153c096-6916-43f7-b79d-f4ae3916372c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/16.jpg","photo_position":"above","related_issue":[567589],"teaser":"","voice_url":""},"yoast_head":"\nBechtel in pole position to snag master contract for Cairo Metro Line Six - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bechtel in pole position to snag master contract for Cairo Metro Line Six\" \/>\n<meta property=\"og:description\" content=\"Bechtel looks set to land the master contract for Cairo\u2019s sixth Metro line, Transport Minister Kamel El Wazir said yesterday at an AmCham event, according to a report by Reuters\u2019 Patrick Werr. 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The\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562182,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/also-on-our-radar-on-10-may-2021\/","url_meta":{"origin":567595,"position":1},"title":"Also on our Radar on 10 May 2021","author":"enterpriseam admin","date":"10 May 2021","format":false,"excerpt":"Ibnsina Pharma will digitialize health services offered by the General Authority of Healthcare in hospitals that serve the country\u2019s universal healthcare system under an agreement signed on Thursday, Ibnsina said in a statement (pdf). The contract will see Ibnsina digitize the authority\u2019s supply chain and develop applications that offer virtual\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601860,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/kamel-el-wazir-sworn-in-as-new-transport-minister\/","url_meta":{"origin":567595,"position":2},"title":"Kamel El Wazir sworn in as new transport minister","author":"enterpriseam admin","date":"12 March 2019","format":false,"excerpt":"Transport Minister Kamel El Wazir was sworn in before President Abdel Fattah El Sisi yesterday, according to an Ittihadiya statement. The president announced El Wazir\u2019s appointment on Sunday, and the House of Representatives greenlit the announcement on the same day. The new cabinet member, an army Lieutenant General, replaces Hisham\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/259.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560981,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/21\/also-on-our-radar-on-21-march-2021\/","url_meta":{"origin":567595,"position":3},"title":"Also on our Radar on 21 March 2021","author":"enterpriseam admin","date":"21 March 2021","format":false,"excerpt":"Marakez has begun (pdf) construction of its mall in Mansoura, in which it will invest EGP 1 bn during the first phase.Saipem is interested in taking part in the planned construction of Cairo Metro\u2019s sixth line, which is expectedto be led by US infrastructure giant Bechtel, the Transport Ministry said\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602029,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/egypt-to-receive-first-batch-of-32-trains-for-metro-line-3-in-april-2020\/","url_meta":{"origin":567595,"position":4},"title":"Egypt to receive first batch of 32 trains for Metro Line 3 in April 2020","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"The Transportation Ministry will receive the first batch of 32 air-conditioned trains for the third and fourth phases of Metro Line 3 in April 2020, newly-appointed Transport Minister Kamel El Wazir said.","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581231,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/cairo-metro-line-4-to-link-to-the-new-capital-monorail-goes-live-in-2024\/","url_meta":{"origin":567595,"position":5},"title":"Cairo Metro Line 4 to link to the new capital + Monorail goes live in 2024","author":"enterpriseam admin","date":"22 February 2023","format":false,"excerpt":"Cairo metro + monorail updates: Transport Minister Kamel El Wazir delivered a few updates on transport links to the new administrative capital (NAC) in a press conference (watch, runtime: 40:48) yesterday.#1- Metro Line 4 will extend to the new capital: The under-construction fourth metro line will be extended to run\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/train-1600-px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=567595"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567595\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/567596"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567595"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567595"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}