English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 24 November 2020, 14:15 JST
Share:
    

Source: Mitsubishi Corporation
Mitsubishi Corporation Signs Contract with Egyptian Government for Phase 1 of Cairo Metro Line 4

TOKYO, Nov 24, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that its consortium with Orascom Construction (Orascom) etc. has signed a contract with the Egyptian government to deliver the Railway Systems, Track and Depot Works Package (CP411) for Phase 1 of Cairo Metro Line 4.

About the Project

The roughly 90 billion yen contract is with the National Authority for Tunnels (NAT), an agency that operates under the jurisdiction of the Arab Republic of Egypt's Ministry of Transport. Orascom is a Cairo-based engineering, procurement and construction contractor.

Under the terms of the contract, MC will supply the equipment necessary to build the railway systems and be responsible for related administrative work. Orascom will handle the project?s civil engineering work and construction of the train operation control center and other facilities. Funded through an international yen loan provided by the Japan International Cooperation Agency (JICA), Phase 1 of Cairo Metro Line 4 project including CP411 will take advantage of advanced railway technologies developed in Japan. It will also be the first yen-loan project in Egypt under JICA's Special Terms for Economic Partnership (STEP) project.

Phase 1 of Cairo Metro Line 4 will run from central Cairo to the Giza Pyramid Complex in the southwestern part of Greater Cairo. Ongoing urbanization in the Egyptian capital has resulted in its rapid population and traffic growth, and the development of public transportation infrastructure has become a matter of urgency for city officials. Not only is Line 4 expected to help ease Greater Cairo's traffic congestion, but it also has tremendous potential as a tourist line connecting central Cairo to the pyramids and the Grand Egyptian Museum, which is currently under construction.

MC has been delivering rolling stock to Egypt for more than 50 years, and to date has supplied the country with approximately 1,600 railway cars. Through sustained, proactive engagement in the country?s rail projects, MC remains committed to helping Egypt upgrade its transportation infrastructure and further its economic growth and development.

Contact:
Mitsubishi Corporation
Telephone:+81-3-3210-2171
Facsimile:+81-3-5252-7705


Topic: Press release summary
Source: Mitsubishi Corporation

Sectors: Transport & Logistics
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://www.linkedin.com/company/mitsubishi-corporation/

Mitsubishi Corporation Releated News
2022年1月5日 9時00分 JST
三菱商事、2022年 社長年頭挨拶
2021年12月17日 18時00分 JST
三菱商事、東京証券取引所の新市場区分における「プライム市場」選択申請に関するお知らせ
2021年12月17日 18時00分 JST
三菱商事、会長・社長人事及び代表取締役の異動(内定)に関する件
2021年12月13日 15時00分 JST
三菱商事とローソン、国内最大級オフサイトPPAによる再エネをローソン店舗へ供給
Monday, 13 December 2021, 15:14 JST
Mitsubishi Corporation and Lawson to Supply Lawson Stores with Renewable Energy Through Off-site PPA
More news >>
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575