May 16, 2020

$5.5 billion (2.8bn) poured into Melbourne, Australia Western Distributor Project

John Holland
CPB Contractors
Bouygues Construction
Salini Impreglio
Admin
1 min
$5.5 billion (2.8bn) poured into Melbourne, Australia Western Distributor Project
Several major contractors have been shortlisted to design and build a tunnel within the Western Distribution Project in Victoria, with the aim to reduce...

Several major contractors have been shortlisted to design and build a tunnel within the Western Distribution Project in Victoria, with the aim to reduce congestion on the M1 and travel time for motorists; ensuring the West Gate Freeway, linking with CityLink at Docklands is fully utilised and accessible.

Extensive feedback has been received from local and private governing bodies, businesses and residents to ensure any future designs work for the community. Plans include widening the West Gate Freeway to 12 lanes, a tunnel under Yarraville and another river crossing. This new link would ensure trucks carrying heavy loads would be able to directly access the freeway rather than use local streets. Plans are scheduled to begin in 2017, guaranteeing all construction work will be finalised in 2022.

Five teams are currently interested in the project: John Holland and CPB Contractors, Bouygues Construction, Salini Impreglio, Fluor Australia, Lane Worldwide Infrastructure and Lend Lease Engineering. Funding of the project will be through tolling of the Western Distributor, state contributions, and Transurban’s CityLink.

The project will create over 5,000 new jobs and deliver an estimated $11 billion boost to Victoria’s economy. Funding will be from the tolling on the Western Distributor, State contributions and an extension to Transurban’s CityLink concession.

For further information: http://westerndistributorproject.vic.gov.au/

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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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