May 16, 2020

BAM Nuttall/Morgan Sindall JV awarded £35m M1 Advance Work

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BAM Nuttall
Morgan Sindall
Highways Agency
Admin
1 min
BAM Nuttall/Morgan Sindall JV awarded £35m M1 Advance Work
The bmJV joint venture, consisting of BAM Nuttall and Morgan Sindall, has been appointed to a £35 million barrier renewal works package on the M1...

The bmJV joint venture, consisting of BAM Nuttall and Morgan Sindall, has been appointed to a £35 million barrier renewal works package on the M1 Junctions 19 to 16.

Awarded under the Highways Agency’s National Major Projects Framework, the barrier renewal work will replace the existing life expired barrier and facilitate a future smart motorway scheme along this stretch of road.

The project will be replacing over 12 miles of existing steel safety barrier with a slip-formed concrete barrier in conjunction with strengthening and stabilising of the hard shoulder to accommodate new drainage and communication systems in the central reserve.

The work is due to take place from August 2014 to June 2015.

Gary Crisp, Highways Director at bmJV, said: “We are delighted to be continuing our collaborative partnership with the Highways Agency to improve the existing road network and shorten journey times for road users. bmJV is an established joint venture which is already successfully delivering other Highways Agency projects, including the M62 from junctions 25 to 30, M62 junctions 30 to 32 and M1 junctions 39 to 42.

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Jun 16, 2021

France to invest €1.8bn in Egypt’s infrastructure

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Infrastructure
investments
projects
2 min
France is making a €1.8bn investment into Egypt’s infrastructure with upgrades to the Cairo Metro and a railway to Sudan

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”. 

Image: MEED

 

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