Construction major Vinci has entered into a contract with the Reservoirs and Grand Barrages Sector (RGBS) for the design-build of the Assiut dam, in Egypt,
RGBS is part of the Ministry of Water Resources and Irrigation.
The new Assiut dam located on the Nile, some 250km to the north of Luxor, will replace an existing dam built early last century 400m further upstream.
The € 266 million ($347m) works will be carried out by a consortium composed in equal parts of Vinci Construction Grands Projects as the leader, Arab Contractors and Orascom.
This project aims to regulate the flow of the Nile, for irrigation purposes and for the production of electricity of capacity 32 MW that is produced by four 8MW turbines.
In addition, it will have 2 locks to allow through river navigation.
Funding for the project is obtained from KfW and the Egyptian government.
The works will start on 2 May 2012 and is expected to take atleast 5 years for completion