Lebanon's Khatib & Alami named advisor for $4.5bn Egypt monorail
The consulting firm worked with Egypt's transport and housing ministries to be part of the megaproject
Beirut-headquartered, construction and engineering consulting firm, Khatib & Alami (K&A) has been appointed as an advisor for the construction, financing and operations of Egypt’s $4.5bn Cairo monorail, a construction tender for two monorail lines, which were won by Canadian aircraft manufacturer, Bombardier’s mobility solutions providing arm, Bombardier Transportation, Orascom Construction, and Arab Contractors in August 2019.
In a statement, K&A said the company, along with its partners Getinsa, TEGC and Sarie Eldin & Partners, worked with Egypt’s Ministry of Transport and Ministry of Housing to secure the most suitable financing structure for the megaproject.
K&A and partners also supported the ministries to run a complex end-to-end tender process, which witnessed bidding from international and regional companies.
Speaking about working on the megaproject — which will transport 45,000 passengers per hour — chairman and chief executive officer of K&A, Dr Najib Khatib, said: “Our focus was to get the best value for money to the government of Egypt, and a transport solution which truly helps with the country’s public transport needs.”
First line of the monorail will run 54.7km from east Cairo to the new administrative capital, while the second line, which will run for 41.8km, will connect 6th October City to Giza.
Senior director and head of K&A’s Infrastructure Development & Advisory business, Helena De Flaviis, said that the firm looked to work with other transport authorities in the region.