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Bechtel set to land Master Contract for Cairo Metro Line Six

metro
Posted: December 1, 2020 at 12:07 pm   /   by   /   comments (0)

Bechtel in pole position to snag master contract for Cairo Metro Line Six, Transport Minister Kamel El Wazir said yesterday at an AmCham event, according to a report by Reuters’ Patrick Werr.

On the fast track: El Wazir said his ministry is “working on a memorandum of understanding with Bechtel for feasibility studies and implementation of the USD 5 bn, 30 km sixth metro line” and that “just yesterday … we reached near-agreement. We told them to submit a written offer. If we reach agreement we will begin working at once and expedite all the contracts and agreements.”

Egypt plans big rail expansion, nears agreement with Bechtel

Egypt is rushing ahead with plans for an expansion of its metro and railway networks and is near agreement with Bechtel Corp to implement Cairo’s sixth metro line, Transport Minister Kamel al-Wazir said on Monday.

Speaking to the American Chamber of Commerce, Wazir said most of the bigger transport projects, which also include dry ports and river transport, should be finished by the end of 2024.

Egypt was working on a memorandum of understanding with Bechtel for feasibility studies and implementation of the $5 billion, 30 km sixth metro line, he said.

“Just yesterday we had the contracts and we quickly reached near-agreement,” Wazir said.

“We told them to submit a written offer. If we reach agreement we will begin working at once and expedite all the contracts and agreements.”

(Sources: Enterprise.press & Reuters)

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