OCI Awarded Contracts worth US$ 168 million for Infrastructure Work in Egypt

Orascom Construction Industries (OCI) press release:

Orascom Construction Industries (OCI) announced today that its Construction Group has been awarded contracts for infrastructure work in Egypt valued at US$ 168 million.

OCI has been awarded a contract valued at US$ 128 million for construction work on section 5 of the new Cairo-Alexandria highway by the Egyptian Ministry of Transportation. The project includes all necessary paving and road construction works. OCI will be responsible for paving 34 km worth of roads between both cities. The road work includes two double level u-turns and two overhead bridges with four lanes each as well as two service roads with two lanes each. The project is expected to be completed during Q4 2011.

OCI has also been awarded a project valued at US$ 40 million for construction of the South Waste Water Treatment Plant in 6th of October City. The project was awarded by the Ministry of Housing, Utilities and Urban Development. The wastewater treatment plant will have a capacity of 100,000 m3 per day. OCI will be responsible for all construction work related to the project as well as the Operation and Maintenance (O&M) of the plant for a period of 12 months.

This is the second award for OCI in the field of waste water during the quarter. OCI in joint venture with Spainbased Aqualia was recently awarded Public Private Partnership (PPP) concession for the construction and operation of the New Cairo Waste Water Treatment Plant in a contract valued at US$ 470 million. The project is also expected for completion during Q4 2011.

Orascom Construction Industries Chief Executive Officer, Nassef Sawiris commented, “OCI continues to benefit from a vibrant pipeline of infrastructure opportunities in its key regional markets especially Egypt. Opportunities have been prevalent in transportation, energy, water and social infrastructure.”


Full press release