Projects Monitor

Covering major construction projects in the Middle East

EGAS - Cairo and Giza Gas Network
Country	:	Egypt
Project Value	:	USD 210,000,000 Estimated
Sector	:	Oil and Gas \| Transportation
Profile Type	:	Standalone Project

Phase:
Planning

Owner	:	Egyptian Natural Gas Holding CompanyEgyptian Natural Gas Holding Company - Egypt
Location	:	Cairo, Egypt Giza, Egypt
Contract Type	:	EPC - Engineering, Procurement, Construction
Facility Type	:	Gas Pipelines
Capacity	:	39 Km pipelines 450 cu.m/h

Background	The Egyptian Natural Gas Holding CompanyEgyptian Natural Gas Holding Company (Egas) plans to develop a gas network system in Cairo and Giza. The project will be developed in two phases. Phase 1 will consist of developing gas networks to serve 300,000 commercial and industrial consumers. Phase 2 of the project will introduce 200,000 consumers to the gas network grid.
Latest Events	In July 2008, the Kuwait Fund for Arab Economic DevelopmentKuwait Fund for Arab Economic Development approved a USD 75 million loan for the project.
Scope of Work	Construction of 6 natural gas transmission lines with a total length of 39 km and 6 gas reduction stations with a capacity of 450 cu.m/h. Construction of main low pressure distribution lines, acquisition and installation of valves, cathodic protection equipment and connecting pipes and meters inside the premises.
Financing Source	The USD 75 million loan provided by the Kuwait Fund for Arab Economic DevelopmentKuwait Fund for Arab Economic Development will have a duration of 21 years with a 4 year grace period. The loan is based on 3 per cent interest per year and amortized by 34 semi annual installments.

Project Schedule

Schedule	Contract Phase/Phase	Description
Jul 2008	Planning	Kuwait Fund for Arab Economic DevelopmentKuwait Fund for Arab Economic Development approved to finance the project

Egyptian Natural Gas Holding Company
Owner

Egyptian Natural Gas Holding Company Building, 85 Nasr Road, 1st District, Nasr City, P.O. Box 8064, Cairo 11371, Egypt, Cairo
Tel: +20 2-2405-5845,+20 2-2405-5846,+20 2-2405-5847 | Fax: +20 2-2405-5876 | Email: egas@egas.com.eg | Website: http://www.egas.com.eg

Officers from this company (13)

Kuwait Fund for Arab Economic Development
Financier

Kuwait Fund for Arab Economic Development, Mubarak Al Kabeer Street, Al Mirqab Area, P.O. Box 2921, Kuwait City Safat 13030, Kuwait, Al Assimah
Tel: +965 2299-9000 | Fax: +965 2299-9090,+965 2299-9091 | Email: info@kuwait-fund.org | Website: http://www.kuwait-fund.org

Officers from this company (26)