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French land €440m deal for Cairo metro

2 Mar 15 A consortium of French companies including Vinci and Bouygues has signed contracts worth €440m (£320m) for the next phase of the Cairo metro.

Cairo Metro Line 3 will be extended by a consortium of Vinci, Bouygues, Alstom, Thales, Colas and Eurovia in a consortium with Egypt鈥檚 companies Orascom and Arab Contractors.

鈥淭his major achievement in the area of French-Egyptian cooperation, the previous phases of which received financial support from the French government and European co-financing, will benefit almost four million passengers every day,鈥 said a statement from French Ministry of Foreign Affairs & International Development.

Vinci and Bouygues handed over the 7.2km section in May 2014, five months ahead of schedule.

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