Orascom Construction Limited (OC) on Thursday announced that its wholly-owned subsidiary The Weitz Company was named by the Canadian rail technology leader Bombardier Transportation as the design-build contractor for Stage 2 of the PHX Sky Train’s development.
The deal includes the extension to the train guideway and maintenance facility at Phoenix Sky Harbor International Airport in Arizona, OC added in a statement.
The second stage covers a 2.5-mile extension to the airport’s Rental Car Center, the establishment of two new stations, and an expansion of the system’s maintenance facility to accommodate the train maintenance, OC said.
Bombardier and Weitz had already executed Stage 1 and 1A of the PHX Sky Train, including a 3.3-mile of the multi-station double-track train, as well as a maintenance facility, the company indicated.
The design work of Stage 2 has started last April and is set to end in February 2019, in line with commencing construction work scheduled to complete in 2022.
In April, OC, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, announced the completion of Natgasoline, the largest methanol production facility in the US.
The facility, located in Beaumont, Texas, has a production capacity of up to 1.75 million metric tonnes per annum.
It is noteworthy that a subsidiary of Orascom Construction has completed the construction of the largest residential complex for students in the US last August.
OC Ltd had previously posted a net profit of $85.1 million for the full-year 2017, versus $53 million in profits in the year before.