Balfour Beatty secures £524 million US rail project
International infrastructure group Balfour Beatty have secured a £524 million win in US rail project to electrify the Caltrain Rail Corridor.
The company will build 52 miles of overhead power lines as part of the Caltrain Peninsula Corridor Electrification Project, which runs from San Francisco to San Jose in order to prepare for future high speed trains which will run on the line.
The work will bring a smoother, more efficient service, providing 92 trains per day.
Leo Quinn, Balfour Beatty Group Chief Executive said, “Our extensive experience in managing complex rail projects leaves us well qualified to deliver this significant scheme. Caltrain builds on the back of the recent successful delivery of our part in the multi-billion-dollar Eagle P3 Commuter Rail network in Denver, Colorado.”
“We are pleased our unique capability has been recognised with this award which contributes to our strategy to increase our design-build rail market share across the US.”
Balfour Beatty have stated that the work undertaken will incorporate the design and build of a “25kv AC overhead catenary system to serve as the power source for the new high speed trains and construction of two traction power substations, one switching substation and seven paralleling substations.”
“The company will also replace signal systems and earth existing facilities as part of the process.”
The project is set to commence in the Autumn, with expected completion date to be at the beginning of 2020.
Source: Balfour Beatty
Read the August 2016 issue of Construction Global magazine
France to invest €1.8bn in Egypt’s infrastructure
France will invest a total of €1.8bn into Egypt’s infrastructure focusing specifically on upgrading the Cairo Metro, building a railway to Sudan, and developing water and energy schemes. Officials have called the investment a “major boost to bilateral cooperation”.
The Cairo Metro
Included in the financing is a concessional government loan of around €800mn to upgrade Line 1 of the Cairo Metro, introduced in the 1980s. The financing will pay for 55 trainsets for the line and is provided by the French engineering company, Alstom.
Line 6 is also due to be upgraded using further state-guaranteed loans worth up to €2bn. Bruno Le Maire said that this would be negotiated over the next six months. France and Egypt have worked in close cooperation ever since Abdel Fattah al-Sisi became president in 2014, despite differences over human rights and strong criticism of Egypt by rights activists and some foreign states.
Nine more projects over the next half a decade
A further €1bn from France’s development agency, Agence Française de Développement (AFD), aims to cover a range of other projects over the next half a decade.
These projects include a railway line between Aswan, southern Egypt, and Wadi Halfa in Sudan, as well as several projects in the renewable energy and water purification industries. Bruno Le Maire, France’s Finance Minister, said Egypt was a “strategic partner and commercial dealings with it would be developed. France will substantially increase its direct exposure to Egypt, becoming the first counter-party for government to government loans,” he said.
According to Le Maire, the AFD will also €150mn to support the construction of a universal health insurance programme. French contractors such as Vinci and Bouygues have a long history of working on the Egyptian capital’s underground system.
Talking about the relationship between France And Egypt, Le Maire concluded: “France will substantially increase its direct exposure to Egypt, becoming the first counter-party for government to government loans”.