Vinci, the leading French construction industry, has signed a contract Monday grouped design and construction of the dam Assiut, EgyptThe contract was signed with an entity of the Egyptian Ministry of Water Resources and Irrigation, Reservoirs and Grand Barrages the Sector (RGBS) for $ 266 million of workWork will be performed by a group shared equally by Vinci Construction Grands Projets and Arab Contractors and Orascom, and added to the group's many achievements in Egypt, such as the Naga Ammad dam and mill of Ain Sukhna
The project amounting to 266 million euros will be financed by the German public bank KfW and the Egyptian government and allow power generation to 32 megawatts, the regulation of the Nile and the irrigationIt will have two locks for the passage of river traffic and four 8 MW turbines for electricity generation of 32 megawatts
The project is scheduled for May 2 and should last 64 months
Source: AFP |
