{"id":595778,"date":"2019-08-06T04:00:48","date_gmt":"2019-08-06T04:00:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/"},"modified":"2019-08-06T04:00:48","modified_gmt":"2019-08-06T04:00:48","slug":"egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/","title":{"rendered":"Egypt signs USD 4.5 bn agreement for monorails to Giza and new capital"},"content":{"rendered":"

Orascom\u2019s long awaited USD 4.5 bn monorail agreement finalized: <\/b>A consortium of Bombardier Transportation, Orascom Construction and Arab Contractors signed yesterday a contract with the National Authority for Tunnels in Cairo worth more than USD 4.5 bn to work on two planned monorail lines, Orascom Construction said in an EGX disclosure (pdf)<\/a>. The consortium will design, build, supply and operate the lines, which will link 6 October City to Giza and Nasr City to the new administrative capital. \u201cWe are very pleased to collaborate with our international partner Bombardier and our local partner Arab Contractors on this project, which highlights our strength in the transportation sector and emphasizes our position as the partner of choice for international contractors in Egypt particularly on challenging projects,\u201d said Orascom Construction CEO Osama Bishai. The consortium was tapped as the tender\u2019s preferred bidder in May<\/a>, after languishing without a winning bidder and contracts signed for four years.<\/p>\n

Consortium has the keys to the project for 30 years after construction:<\/b> Orascom\u2019s statement fleshes out the details of the contract, which was announced in an Ittihadiya statement<\/a> yesterday but was scant on details. The consortium will be responsible for the operation and maintenance of both lines for 30 years, and will design, build all infrastructure and civil works, including stations, guideway structures and new depot buildings. Bombardier owns close to USD 2.85 bn of the project while Orascom Construction close to USD 900 mn. Reuters<\/a> also picked up the story.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom\u2019s long awaited USD 4.5 bn monorail agreement finalized: A consortium of Bombardier Transportation, Orascom Construction and Arab Contractors signed yesterday a contract with the National Authority for Tunnels in Cairo worth more than USD 4.5 bn to work on two planned monorail lines, Orascom Construction said in an EGX disclosure (pdf). The consortium will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[833,3673,72,875,363,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595778","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-arab-contractors","tag-bombardier","tag-enterpriseam","tag-new-administrative-capital","tag-orascom-construction","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d137677a-037e-483f-85c4-aface25959a9","is_powered_by":true,"section_story_id":"195c3e11-29db-44a3-9d57-eaeaecadc010","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595767],"teaser":"","voice_url":""},"yoast_head":"\nEgypt signs USD 4.5 bn agreement for monorails to Giza and new capital - 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\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt signs USD 4.5 bn agreement for monorails to Giza and new capital\" \/>\n<meta property=\"og:description\" content=\"Orascom\u2019s long awaited USD 4.5 bn monorail agreement finalized: A consortium of Bombardier Transportation, Orascom Construction and Arab Contractors signed yesterday a contract with the National Authority for Tunnels in Cairo worth more than USD 4.5 bn to work on two planned monorail lines, Orascom Construction said in an EGX disclosure (pdf). The consortium will […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-06T04:00:48+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt signs USD 4.5 bn agreement for monorails to Giza and new capital\",\"datePublished\":\"2019-08-06T04:00:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/\"},\"wordCount\":252,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Arab Contractors\",\"Bombardier\",\"EnterpriseAM\",\"new administrative capital\",\"Orascom Construction\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/\",\"name\":\"Egypt signs USD 4.5 bn agreement for monorails to Giza and new capital - 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The company did not\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598586,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/bombardier-confirms-being-tapped-as-preferred-bidder-for-egypts-monorail\/","url_meta":{"origin":595778,"position":1},"title":"Bombardier confirms being tapped as preferred bidder for Egypt\u2019s monorail","author":"enterpriseam admin","date":"29 May 2019","format":false,"excerpt":"Bombardier says its consortium has been tapped as preferred bidder for monorail project: A consortium of Orascom Construction, Arab Contractors, and Bombardier Transportation has been tapped as the preferred bidder to build a monorail linking Six October to the new administrative capital, Bombardier confirmed in a statement. The project would\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595722,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/egypt-signs-agreement-with-canadas-bombardier-for-nac-monorail-project\/","url_meta":{"origin":595778,"position":2},"title":"Egypt signs agreement with Canada\u2019s Bombardier for NAC monorail project","author":"enterpriseam admin","date":"5 August 2019","format":false,"excerpt":"Our monorail dreams are a little bit closer: The Transport Ministry signed yesterday a contract with Canada\u2019s Bombardier to build the monorails linking 6 October City to Giza and Nasr City to the new administrative capital, according to an Ittihadiya statement. The 30-year contract includes the construction, operation and maintenance\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598997,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/16\/egypt-to-sign-bombardier-monorail-contracts-by-end-of-month\/","url_meta":{"origin":595778,"position":3},"title":"Egypt to sign Bombardier Monorail contracts by end of month?","author":"enterpriseam admin","date":"16 June 2019","format":false,"excerpt":"Gov\u2019t to sign monorail contracts by end of month? The Transport Ministry is planning to sign this month the contracts awarding a consortium made up of Orascom Construction, Arab Contractors, and Bombardier Transportation to build the monorails linking 6 October City to Giza and Nasr City to the new administrative\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\/2017\/12\/1447.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575202,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/06\/jpmorgan-disburses-first-loan-tranche-for-monorail-project\/","url_meta":{"origin":595778,"position":4},"title":"JPMorgan disburses first loan tranche for monorail project","author":"enterpriseam admin","date":"6 October 2020","format":false,"excerpt":"DEBT WATCH- Egypt just got the first USD 332 mn tranche of a loan from JPMorgan to finance the construction of two monorail lines, one linking the new administrative capital to Cairo Stadium Station and the other linking Gameat El Dewal Station to Sixth of October, Al Mal reports, citing\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\/2020\/10\/57.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595094,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/","url_meta":{"origin":595778,"position":5},"title":"NBE issues EGP 1.75 bn letters of guarantees for monorail projects","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"The National Bank of Egypt (NBE) issued six letters of guarantee worth EUR 64.9 mn (EGP 1.75 bn) to a consortium made up of Bombardier Transportation, Orascom Construction, and Arab Contractors for the 54 km monorail project, according to Al Shorouk. 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