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Learn about Egypt-Japan coalition to build 4th metro line

Learn about Egypt-Japan coalition to build 4th metro line

Cairo:  An Egyptian- Japanese coalition has been recently selected to implement the first phase of the fourth metro line in Haram Street, Giza, as part of the government’s major plan to expand the subway service across the capital and beyond.

In the below lines, et displays information about the coalition and its financial offer to fund the implementation procedures of the project:

1- The coalition includes Mitsubishi Corporation and Orascom Construction companies.

2- The financial and technical offers by the coalition received the highest evaluation rate by the main judging committee assigned by the National Authority for Tunnels to decide on the offers.

3- The coalition will execute the work of the project at a cost estimated at L.E. 14 billion: L.E. 3.8 billion, and 397.3 million Euros, in addition to 10.4 billion Japanese Yen.

4- The coalition will establish a new workshop to carry out the implementation of the project, west of the Ring Road on the outskirts of the 6 of October city.

5- The winning coalition will carry out the electromechanical works, and will install the rails along the way from the newly established workshop to Fostat district in Old Cairo.

6- The National Authority for Tunnels seeks to form another coalition including Egyptian and Japanese companies to execute the first phase of the project, but in coordination with the conditions set in the Japanese financial offer.

7- The Japanese side will fund the project with $1.2 billion in soft loans representing around 60 percent of the total cost of the project.

8- The Japanese side set conditions as per their financial offer, including that the companies to be selected to implement the project should be only Japanese.

9- Egyptian companies alone cannot propose to participate in the project, the conditions oblige there should be Japanese partners with them.

10- The construction works in the project will begin only when the companies to carry out the civil and drilling works are selected. Source: Egypt Today

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