Vinci-Bouygues win $286m Cairo Metro contract

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Vinci-Bouygues win $286m Cairo Metro contract

Vinci and Bouygues have been awarded a $286 million contract from Egyptian authorities to build the extension of Line 3 of the Cairo Metro system.

The Egyptian authorities have demonstrated renewed confidence in the joint venture led by Vinci Construction Grands Projets alongside Bouygues Travaux Publics, and their Egyptian partners, Orascom Construction and Arab Contractors, by awarding them the contract for the new phase of civil engineering for Line 3 of the Cairo metro between Haroun and El Nozha stations, said a statement from Vinci.

The new phase of works (Phase 4A) continues on from the second phase, which was brought into service in May last year more than six months ahead of schedule. The phase 4A consists of 5.15 km of tunnel and five underground stations on Line 3, the east-west link across the Egyptian capital, the French company stated.

As per the contract, the Vinci-led joint venture will complete the designing, construction and delivery of the project in 34 months.

Vinci said this was possible because of the experience it has acquired over more than 30 years of working on the metro projects, the oldest in Africa, and to a technical innovation.

In a first worldwide, earth pressure balance tunnel boring machine Imhotep, used for the previous phase, will be modified to operate as a slurry pressure balance machine. This change will generate savings for the joint venture on both its execution time and budget, it added.-TradeArabia News Service

Source: Trade Arabia

More info: http://tinyurl.com/ptjtsnl

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.