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The turnkey contract is worth around $US 800m, with Mitsubishi’s share worth around €450m and Orascom’s worth around $US 350m.
The scope of work includes supply and installation of signalling, power supply, telecommunications, platform screen doors, automatic fare collection as well as track work and installation work at the depot and workshop.
The project will be financed by a loan from the Japanese International Corporation Agency (Jica) through a Special Technical Economic Partnership (STEP), which is being used in Egypt for the first time.
Phase 1 of the underground line will stretch for 19km with 16 stations, connecting the centre of Greater Cairo with Giza. The line is expected to be heavily used by tourists, as it will provide a connection with the pyramids and the under-construction Grand Egyptian Museum and will help to reduce road congestion
In December 2014, the French government agreed to provide a €344m loan to finance the acquisition of 64 trains for lines 3 and 4.
Orascom Construction recently delivered the 8km Cairo Metro Line 3 Phase 4B, which includes five elevated stations and a depot. The company is also currently building monorails between east Cairo and New Administrative Capital, and 6th October City and Giza, the world’s longest monorail system.
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