Orascom Construction Limited (NASDAQ Dubai: OC; EGX: ORAS) announces the break in of the tunnel boring machine (TBM) at Phase III of Cairo Metro Line III.
This event markets a major milestone in the project. Under execution by an Egyptian-French joint venture comprised of VINCI, Bouygues and Arab Contractors, the third phase of Line III will stretch across 18 km of tunneling and viaduct works, including 15 elevated, grade and underground stations.
Orascom Construction continues to play a key role in the development of Cairo Metro. The Group is currently involved in all phases under construction.