May 16, 2020

Bidding has launched for £5.2bn construction project in south of England

The Southern Construction Framework
London
the South-east
and the South-west.
Sophie Chapman
1 min
ALT
Bidding for a £5.2bn (US$7.37bn) framework in the south of England has been launched by Hampshire County Council.

The Southern Construction Framework...

Bidding for a £5.2bn (US$7.37bn) framework in the south of England has been launched by Hampshire County Council.

The Southern Construction Framework will focus on delivering construction projects to London, the South-east, and the South-west.

The four-year framework is set to launch in April next year, covering projects for 150 clients across the public sector.

The projects in London are set to cost £2bn ($2.83bn), with the South-east work valued at £1.75bn ($2.48bn), and the construction in the South-west is set to be worth £1.5bn ($2.13bn).

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Eight contractors will be appointed to the lots in the South-east and London, whilst the South-west will receive 10 contractors.

The projects in the framework covers schools, colleges, fire and police stations, roads, car parks, and retaining structures.

The new scheme will replace the current £800mn (1.13bn) Southern Construction framework, which has been implemented for the past four years.

Firms such as Bam Construction, Galliford Try, Kier, Morgan Sindall, Wates, and Willmott Dixon have previously been working in the three regions under the current framework.

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Jun 16, 2021

France to invest €1.8bn in Egypt’s infrastructure

AFD
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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