ORASCOM CONSTRUCTION CONSORTIUM SIGNS A CONTRACT FOR CAIRO METRO LINE 4 PHASE 1
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Orascom Construction PLC announces that its consortium with Mitsubishi Corporation signed a contract with the National Authority for Tunnels (NAT) to execute the Railway Systems, Track and Depot Works Package (CP411) for Cairo Metro Line 4 Phase 1. The total value of the turnkey contract is approximately USD 800 million and Orascom Construction’s share exceeds USD 350 million. The scope of work includes signaling, power supply, telecommunication, platform screen door, automatic fare collection, track work and the depot/workshop. The project is going to be financed by a Japanese Yen Credit Loan provided by the Japanese International Corporation Agency (JICA) under the condition of the Special Technical Economic Partnership (STEP), which is the first time to be implemented in Egypt. Cairo Metro Line 4 will be constructed as a new underground line and is a mass rapid transport system that is expected to reduce traffic congestion. Phase 1 will stretch across 19 km and 16 stations, connecting the center of Greater Cairo to the pyramids area in Giza. It is also expected to be a main metro line for tourism transportation in Egypt, arriving up to the pyramids area and the Grand Egyptian Museum (which is under construction by Orascom Construction and BESIX). Osama Bishai, CEO of Orascom Construction, commented, “This contract is testament to our strength in the transportation sector and builds on our longstanding involvement in the development of Cairo...

2020-12-31 12:12:10

Minister of Culture follows up implementation of the project to improve the visual image of Cairo Downtown
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In implementation of the project to restore the civilized face of Downtown - Cairo, Dr. Enas Abdel Dayem, Minister of Culture, continues to follow up the implementation of the first phase of the project “Improving the visual image of the central Cairo area (Downtown)”, which’s vision was developed by the National Organization for Urban Coordination headed by Engineer Mohamed Abu Saada in cooperation with the Cairo Governorate, the Ministry of Housing, and Misr Company For Sound and Light of the business sector, which aims to modernize the squares, whether by unifying the form of façades, lines or advertisements, lighting. Work actually began in Mustafa Kamel Square and Talaat Harb passing through Qasr al-Nil Street to the Opera Square as a first phase and the second phase includes Ataba Square and El-Azbakeya Park. Abdel Dayem said that the project to improve the visual image takes into account the architectural character and the historical context of the central Cairo area and seeks to preserve the distinctive wealth of buildings and restore its splendor as it is a sophisticated international destination for high-level activities, history and culture, and also contributes to enhancing feelings of pride and belonging among its children. On his side, head of the National Organization for Urban Coordination said that the project to improve the visual image of Downtown Cairo raises the functional efficiency of spaces (squares and streets) t...

2021-01-13 09:29:33

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