Egypt firms to undertake US$ 104.8 mn metro project as joint venture
Posted on 12th September 2014
Acccording to reports in the Youm7 newspaper, Egypt's top construction firms The Arab Contractors and Orascom Construction Industries have teamed up for a Cairo Metro project worth E£ 750 million (US$ 104.8 million).Under the contract, the duo will build a suspended bridge and a tunnel in the fourth phase of the Cairo Metro.
The bridge will cost E£ 500 million ( US$ 69.9 million) and the tunnel E£ 250 million (US$34.9 million), the report said, citing The Arab Contractors chairman Mohsen Salah. The bridge will be completed in two years, he added.Back to all Construction News
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