ExxonMobil's Nigerian asset sale nears approval    Argentina's GDP to contract by 3.3% in '24, grow 2.7% in '25: OECD    Chubb prepares $350M payout for state of Maryland over bridge collapse    Turkey's GDP growth to decelerate in next 2 years – OECD    EU pledges €7.4bn to back Egypt's green economy initiatives    Yen surges against dollar on intervention rumours    $17.7bn drop in banking sector's net foreign assets deficit during March 2024: CBE    Norway's Scatec explores 5 new renewable energy projects in Egypt    Egypt, France emphasize ceasefire in Gaza, two-state solution    Microsoft plans to build data centre in Thailand    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    WFP, EU collaborate to empower refugees, host communities in Egypt    Health Minister, Johnson & Johnson explore collaborative opportunities at Qatar Goals 2024    Egypt facilitates ceasefire talks between Hamas, Israel    Al-Sisi, Emir of Kuwait discuss bilateral ties, Gaza takes centre stage    AstraZeneca, Ministry of Health launch early detection and treatment campaign against liver cancer    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



NAT assigns rail work for Metro Line 3 to ETF-ORC-TSO association
ETF-ORC-TSO presented financial offer worth EGP 762m
Published in Daily News Egypt on 23 - 07 - 2016

The National Authority for Tunnels (NAT) assigned implementation of the rail work for Metro Line 3 to the ETF-ORC-TSO association. This came after NAT accepted the financial bid submitted by the association over that of the French company Colas Rail, according to an official from Egypt Post.
The source said the financial offer made by the ETF-ORC-TSO association reached EGP 762m. The offer includes the development of the Rod El Farag station and supply of coupling rods for that phase.
NAT had accepted two technical offers for the tender to implement rail works for Metro Line 3.
The technical proposal submitted by the ETF-ORC-TSO association received 93% in the technical evaluation, while the technical proposal submitted by the French company Colas Rail received 93.7%.
NAT's joint committee and the project's consultant, Transurb, decided that company proposals should receive a minimum of 80% in the technical evaluation to qualify for the financial decision stage.
NAT's plan is to implement six new subway lines by 2032 to link Greater Cairo and all its suburbs. However, NAT is seeking to speed up the rate of work in the new lines to finish them by 2022, 10 years before the scheduled time.
The implementation of the metro's fourth line began in January. The working plan includes closing parts of Haram Street for three consecutive years, until 2019, in order to move facilities and change traffic paths in the area. This line will start from El-Malek El-Saleh Street and will reach the beginning of 6th of October City, passing by Giza Square, Haram Street, and the Grand Egyptian Museum: 18km in length underground. NAT will implement new 55km length projects including metro tunnels in the next three years.
The metro transports more than 4 million passengers a day in both of its major lines: El-Marg-Helwan and Moneeb-Shubra, in addition to the finished part of the third line, Attaba–Al-Ahram.


Clic here to read the story from its source.