Train and plane manufacturer Bombardier said it has been selected to carry out a 3 billion-euro ($3.36 billion) monorail project in Egypt that will run from the capital Cairo to the eastern and western outskirts.
"Bombardier Transportation has been named preferred bidder to build and supply a new monorail system in Cairo," the company said on Monday in a statement on its official website. It added that the bid win is subject to final confirmation and a contract has yet to be signed with the Egyptian government.
The potential value of the bid includes $1.3 billion to design and build the two monorails, as well as another $1.2 billion 30-year operations and maintenance deal, the company said.
The project will be carried out by a Bombardier-led consortium that also comprises Egyptian construction firms Arab Contractors and Orascom Construction.
It involves building a 54-kilometere monorail system connecting east Cairo with the New Administrative Capital and another 42-kilometere line connecting 6 October City with Giza.
The Canada-based company said the rolling stock part of the order will be developed and built in Derby, UK.
The New Administrative Capital is currently under construction east of Cairo at a price tag of $58 billion. The project is one of a number of national development projects being carried out by the Egyptian government with a view of improving infrastructure and creating job opportunities.