MORRISON KNUDSEN WINS TWO WATER SYSTEMS CONTRACTS IN CAIRO TOTALLING APPROXIMATELY $99 MILLION
MORRISON KNUDSEN WINS TWO WATER SYSTEMS CONTRACTS IN CAIRO
TOTALLING APPROXIMATELY $99 MILLION
BOISE, Idaho, Nov. 18 /PRNewswire/ -- William J. Agee, chairman and chief executive officer of Morrison Knudsen Corp. (NYSE: MRN) (MK) today announced that MK has been awarded letters of award on two contracts totalling approximately $99 million to construct water systems projects in Cairo, Egypt.
The letters of award were received from the General Organization for Greater Cairo Water Supply for a $62 million contract to construct a 12-mile-long water pipeline; and a $37 million contract for construction of reservoirs and pumping stations. Both projects will be funded by the U.S. Agency for International Development (USAID).
"These are the second and third jobs that MK has been awarded in Cairo in recent weeks, bringing our construction backlog in Egypt to well over $100 million," said Agee. "These contracts indicate MK's growing presence in the Middle East and our sustained international growth." In September, MK received a $10 million contract to construct a pumping station in Cairo.
The new pipeline will be comprised of ductile-iron pipe and range in diameter from 30 to 62 inches. MK will employ cut-and-cover construction on the project that is expected to take 30 months to complete.
Work on the other contract will include three prestressed-concrete, one-million-cubic-foot-capacity reservoirs and one pumping station in the Darassa area of Cairo and one reservoir and one pumping station in the Abbasiya area. The work is scheduled to take 24 months to complete.
Morrison Knudsen Corp. offers worldwide design/engineering, construction and environmental services in transportation, power, mining and processing industries.
/CONTACT: Jess Hawley of Morrison Knudsen Corp., 208-386-5000/
(MRN) CO: Morrison Knudsen Corp.; U.S. Agency for International Development ST: Idaho IN: CST SU: CON BR -- SE003 -- 1398 11/18/91 11:39 EST