Contractors share €1.3 billion Alexandria metro system deal in Egypt
By Neil Gerrard11 September 2023
Egyptian contractor Orascom Construction and Colas Rail have signed a €1.3 billion deal to build a new regional metro system in Alexandria, Egypt.
The consortium will deliver a new electrified metro system spanning 21.7km and encompassing 20 stations to connect downtown Alexandria with the northeastern town of Abu Qir.
The European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), L’Agence française de développement (AFD), and the Asian Infrastructure Investment Bank (AIIB) will all provide financing for the project.
Orascom Construction has a longstanding partnership with Colas Rail on past projects such as Greater Cairo Metro and future potential projects.