Consortium of Bombardier Transportation, Orascom Construction and Arab Contractors wins contract to supply and operate two mo...
August 05 2019 - 7:49AM
Note to editors: To view the photo associated with this press
release, please visit the following
link: https://www.globenewswire.com/NewsRoom/AttachmentNg/0da4133b-7949-4b9e-8628-609d5a1c6a6e
Bombardier Transportation, Orascom Construction PLC (NASDAQ
Dubai: OC; EGX: ORAS) and Arab Contractors have signed an agreement
today with National Authority for Tunnels in Cairo to design and
build two new monorail lines in Egypt. On completion of the
construction phase, the consortium will be responsible for the
Operation and Maintenance (O&M) of both lines for 30 years. The
total value of the design, build and O&M contract exceeds $4.5
billion US (4.1 billion euro). Bombardier Transportation´s share is
$2.85 billion US (2.6 billion euro). Orascom Construction’s share
of the overall contract is close to $900 million US. The agreement
is subject to final signatures of supplementary documents.
Danny Di Perna, President of Bombardier Transportation, said,
“To be selected as the monorail system supplier in Egypt is a great
privilege and our fully-automated monorail system is the smart
mobility solution for Cairo’s urban future.” He added, “Our INNOVIA
Monorail 300 technology has proved to be a game changer in the
industry, as it allows fast construction of high capacity transit
lines at lower costs. With its advanced technology, unmatched
safety features and attractive aerodynamic design, this proven
platform will dramatically improve the quality of life for millions
of residents by significantly reducing their daily commuting time
as well as reducing traffic congestion and its impact on the
city.”
Osama Bishai, Chief Executive Officer of Orascom Construction
PLC, commented, “We continue to play an integral role in the
development of Egypt’s infrastructure, and are proud to be part of
this prestigious project to build mass transportation across Cairo,
the New Administrative Capital, Giza and 6th of October City. We
are very pleased to collaborate with our international partner
Bombardier and our local partner Arab Contractors on this project,
which highlights our strength in the transportation sector and
emphasizes our position as the partner of choice for international
contractors in Egypt, particularly on challenging projects.”
This project supports Cairo and Egypt to enable fast,
sustainable comfortable and above all safe transportation for
millions of people every year in the dynamic Cairo metropolitan
area. The first monorail line will extend 54 km from East Cairo to
the New Administrative Capital. The second line will be 42 km long
to connect 6th October City to Giza. These are the first mass
transit links to connect Greater Cairo with New Capital City and 6
October City and will greatly improve mobility for Egyptian
citizens. The two lines will be able to transport around 45,000
passenger per hour in each direction when ultimate capacity is
reached. With operating speeds upto 80 km/h, the journey time for
the new Capital City will be around 60 minutes (for 54 km line) and
around 42 minutes for 6 October City (42 km line).
Orascom Construction will design and build all infrastructure
and civil works, including stations, guideway structures and new
depot buildings.
Bombardier will design, supply and install the electrical and
mechanical (E&M) equipment for the two lines including 70
four-car BOMBARDIER INNOVIA Monorail 300 trains (280 cars),
BOMBARDIER CITYFLO 650 signaling and automatic train control
technology, the Operation Control Centre, communication systems,
platform screen doors and fare collection, power supply / power
distribution systems as well as switch beams and depot equipment.
It will also provide the overall E&M system integration,
project management, systems engineering and integration, test and
commissioning for the trains and signalling as well as operations
and maintenance of the vehicles and wayside systems.
Monorail systems are perfect for congested cities needing a fast
and cost-effective to build mass transit solution and the INNOVIA
Monorail 300 system provides flagship performance in driverless
operations. The compact, elevated system enables easy urban
integration into existing infrastructure, and its iconic aesthetics
and attractive infrastructure will help to shape Cairo’s identity
as a modern thriving city. The INNOVIA Monorail 300 system has been
operating in Sao Paulo, Brazil, since 2014 and is currently under
construction in Bangkok, Thailand and Wuhu, China.
About Bombardier Transportation Bombardier
Transportation is a global mobility solution provider leading the
way with the rail industry’s broadest portfolio. It covers the full
spectrum of solutions, ranging from trains to sub-systems and
signalling to complete turnkey transport systems, e-mobility
technology and data-driven maintenance services. Combining
technology and performance with empathy, Bombardier Transportation
continuously breaks new ground in sustainable mobility by providing
integrated solutions that create substantial benefits for
operators, passengers and the environment. Headquartered in Berlin,
Germany, Bombardier Transportation employs around 40,650 people and
its products and services operate in over 60 countries.
About Bombardier With over 68,000 employees,
Bombardier is a global leader in the transportation industry,
creating innovative and game-changing planes and trains. Our
products and services provide world-class transportation
experiences that set new standards in passenger comfort, energy
efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and
engineering sites in 28 countries as well as a broad portfolio of
products and services for the business aviation, commercial
aviation and rail transportation markets. Bombardier shares are
traded on the Toronto Stock Exchange (BBD). In the fiscal year
ended December 31, 2018, Bombardier posted revenues of $16.2
billion US. The company is recognized on the 2019 Global 100 Most
Sustainable Corporations in the World Index. News and information
are available at bombardier.com or follow us on Twitter
@Bombardier.
About Orascom Construction
PLC
Orascom Construction PLC
is a leading global engineering and construction contractor
primarily focused on infrastructure, industrial and high-end
commercial projects in the Middle East, North Africa and the United
States. The Group has consistently ranked among the world’s top
contractors and is dual listed on NASDAQ Dubai and The Egyptian
Exchange. Orascom Construction also develops and invests in
infrastructure opportunities, owns 50% of BESIX Group, and holds a
construction materials and property management portfolio. For more
information, please visit www.orascom.com.
Notes to editors For news, related material and
photos, visit our newsroom at
www.rail.bombardier.com/en/newsroom.html. Please subscribe to our
RSS Feed to receive press releases or follow Bombardier
Transportation on Twitter @BombardierRail. Bombardier, INNOVIA and
CITYFLO are trademarks of Bombardier Inc. or its subsidiaries.
For information
Bombardier:
Media relations,
EgyptEmma Brett+44 7717
700597emma.brett@rail.bombardier.com |
Global media
relations+49 174 926 2017press@rail.bombardier.com |
You can also contact one of our worldwide contacts for specific
press inquiries.
Orascom
Construction PLC:Hesham El
Halabyhesham.elhalaby@orascom.comir@orascom.com+971 4 318
0900www.orascom.com
Bombardier (TSX:BBD.B)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bombardier (TSX:BBD.B)
Historical Stock Chart
From Apr 2023 to Apr 2024