3 international companies offer to set up 2 monorail projects in new capital

CAIRO - 9 January 2019:Canadian, Chinese and Malaysian Companies compete in the bid launched by the Ministry of Transport and Ministry of Housing to set up two monorail projects at the New Administrative Capital, said Deputy Minister of Transport Amr Shaat.

The three companies have submitted three financial and technical offers to implement the two monorail projects: a 52-km-long line linking the New Administrative Capital with East Cairo and downtown and a 35-km-network connecting 6th October City with Giza.

The winner of the bid will be declared in early 2019 after a report evaluating the financial and technical offer of each company is submitted to the head of the Cabinet.

The two monorail project, which will have 27 trains, will be able to transport around 48,000 passengers per hour in each direction, with a journey time of 35 minutes.
"The first phase will have 108 railroad cars that can transport 24,000 passengers at speeds of up to 80 kilometers per hour," remarked Prime Minister Mostafa Madbouli.

New Administrative Capital

The New Administrative Capital is located in the area between the Cairo-Suez and Cairo-Ain Sokhna roads, east of the regional ring road. This is roughly 60 km from the cities of Suez and Ain Sokhna.
Implementation of housing units in the New Administrative Capital was successfully completed, but delivery will be within a year, after the full installment of facilities and services, Khalid Abbas, deputy minister of housing for follow-up of national projects, said on July 14, 2018.

He added in a phone interview on DMC that the ministry will offer 2,048 housing units in the capital’s first phase, with different spaces and payment methods. Abbas noted that for the first time the reservation of units will be electronic, allowing clients to choose their units, pointing out that the New Administrative Capital will be the first smart residential city in Egypt.

The new capital is planned to be a sustainable city, housing the ministries, Parliament, Egyptian Media Production City, presidential palaces, and embassies.

Twenty-five public and private construction companies have been mandated to carry out the infrastructure projects and build the residential neighborhoods of the new capital, while the army is only responsible for managing the project.

The company provided about 170,000 jobs in the construction operations and the coming phases of the project will require more workers.The state treasury does not bear the burden of financing any phase of the project.

Housing prices in Cairo will decline significantly in the coming years because of the rise of supply in the market after completing the construction of the planned 350,000 housing units in the capital.

Some 51 percent of the capital is owned by the Armed Forces and 49 percent is owned by the New Urban Communities Authority (NUCA). The paid-up capital of the company amounts to LE 20 billion, including contributions from the Armed Forces and NUCA, and the authorized capital is LE 204 billion.

The new capital will feature 1,250 mosques and churches, a 5,000-seat conference center, nearly 2,000 schools and colleges, over 600 medical facilities, and a park that is projected to be the world’s largest.