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EGYPT: Series of rail project tenders announced

  • United Kingdom
  • Other

18-01-2018

An invitation for international companies to prequalify for the contract to build, finance and maintain two monorail packages has been released in Egypt. 

The first package is 35km long and will link Giza City with 6th of October City, whilst the second package will extend 52 kilometres from Nasr City district in Cairo to the New Cairo Capital. Both projects are expected to be executed using a combined EPC and private financing model.

A prequalification process has also been announced to win a contract to build, finance and operate an electric high-speed passenger and freight rail. The deadline for these projects is the 28th January.

These projects form part of the ambitious transformational transport programme being promoted by Prof. Dr Hisham Arafat Mahdi, the Minister of Transport, which includes investment in roads, bridges, railways, underground metro and both maritime and river transport in line with Egypt’s 2030 Vision.

Key issues in delivering infrastructure projects in Egypt
 
Eversheds Sutherland are involved in a large number of projects across energy and transport in Egypt. This includes our continued advice in relation to 20 out of a total of 31 solar Feed-In-Tariff projects which achieved confirmation of financial close in December 2017. Accordingly, we have extensive current expertise of advising in Egypt across all relevant issues, including:

• Currency controls and the current internationally-accepted approach to the split of onshore and offshore accounts and project contracts
• Recognition of arbitration provisions acceptable to leading development finance institutions and the Egyptian government
• Investment Treaty protection structuring
• Local content and the current approach taken by Egyptian Government Ministries and Egyptian law to overall process, timing and regulatory matters

For more details on the tender process, including how to access the tenders, please get in touch with one of the team members below.

Dominic Lacey, Partner
Agnes Koko, Partner
Mike Turner, Principal Associate

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