Last Update 13:50
Friday, 20 September 2019

Bombardier-led consortium wins $4.5 bln monorail contract in Egypt

Reuters , Monday 5 Aug 2019
FILE PHOTO: Bombardier's logo is seen on the building of the company's service centre at Biggin Hill, Britain March 5, 2018. (Photo: Reuters)
Views: 2404
Views: 2404

A consortium led by Bombardier Inc said on Monday it had won a contract to build and operate two monorail lines in Egypt for more than $4.5 billion.

The project, for which Bombardier's rail division had emerged as the preferred bidder, would be its largest in recent years, with the company having a $2.85 billion share of the contract. Orascom Construction will have a share of about $900 million.

The project, signed with the National Authority for Tunnels in Cairo, includes a 54-kilometre monorail system connecting the New Administrative City with East Cairo and a second 42-kilometre line linking 6th October City with Giza.

As part of the contract, Bombardier Transportation will design, supply and install the electrical and mechanical equipment for the two lines.

The consortium, which also includes Eqypt's Arab Contractors, will be responsible for the operation and maintenance of both lines for 30 years.

Bombardier is in the middle of a broader restructuring, shedding underperforming commercial plane programs to focus on its more profitable jet and rail units.

The Montreal-based plane and train maker lowered its full-year core earnings and free cash flow forecasts, and reported a quarterly loss last week, as the company wrestles with challenges in the rail division, its largest by revenue.

Search Keywords:
Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.