Egypt is set to embark on a significant infrastructure project with the signing of a $1.39 billion contract to build a new metro system in Alexandria. The contract, awarded to a consortium comprising Orascom Construction PLC and Colas Rail, represents a substantial investment in Egypt’s transportation infrastructure.
This ambitious project will involve the construction of a metro system spanning 21.7 kilometers and comprising 20 stations. It aims to enhance transportation connectivity by linking downtown Alexandria with the northeastern town of Abu Qir.
In addition to the construction consortium, the project will benefit from the expertise of French technology company Thales, which will provide essential signaling, telecommunication, and automatic fare collection systems. This collaboration builds on the success of previous joint efforts, including the Greater Cairo Metro.
Funding for the Alexandria Metro project will be sourced from multiple international institutions, including 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). These partnerships underscore the importance of international support in realizing crucial infrastructure projects.
The Alexandria Metro project not only addresses the growing transportation needs of Egypt’s second-largest city but also contributes to the country’s broader economic development and urban planning goals. It represents a significant step in enhancing mobility, connectivity, and quality of life for residents while also promoting sustainable urban growth.
This endeavor exemplifies the value of international collaboration and investment in advancing essential infrastructure, benefitting both local communities and the broader region. Egypt’s commitment to such projects underscores its dedication to fostering economic growth and enhancing the living conditions of its citizens.
