VINCI wins phase 2 of Cairo metro line 3
22 June 2009 - New contracts - Egypt
VINCI Construction Grands Projets, as consortium leader, has signed a contract with Egypt’s National Authority for Tunnels (NAT) for the civil engineering works package of Cairo’s metro line 3. In addition, Eurovia Travaux Ferroviaires, as part of a separate consortium, has won the track installation works package.
The civil engineering contract, worth €323 million, calls for building a 7.2 km section of tunnel and four underground stations, which are scheduled for opening in October 2013 after 51 months of works.
Eurovia Travaux Ferroviaires, a VINCI subsidiary, has been declared winner of the track contract, worth €20 million. This package calls for supplying and laying 14 km of track and power rail in the tunnel.
These new contracts reflect the confidence shown by the Egyptian Ministry of Transport in VINCI for almost 20 years. The Group built lines 1 and 2 of the Cairo metro and is currently carrying out phase 1 of line 3. Phase 1 is scheduled for completion in October 2011; 60% of the works have been completed to date.
The first line of Cairo’s metro was built by VINCI in the early 1980s. It now carries over 2 million passengers a day. The second line (22 km) was opened in the 1990s. It has 20 stations – 12 of them underground stations – and carries 1.8 million passengers a day.
This commercial success illustrates VINCI’s ability to execute turnkey metro projects. Apart from lines 1 and 2 of the Cairo metro, the Group’s recent prestigious references include the Budapest, Algiers, Athens, Hong Kong, Rennes and Paris (line 14) metros.
VINCI is a global player in concessions, construction and energy businesses, employing more than 217,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.