The Egyptian government announced that it has allocated EGP4 billion for developing the services of the Cairo metro during the fiscal year 2015-16.
The investments will be targeted towards running the existing metro lines in Cairo, Giza and Qalyubia, which have a capacity of three million passengers a day, in addition to providing 20 air-conditioned trains, three middle rail vehicles, three cabs and multiple diesel units.
According to UAE-based Aliqtisadi, the investments will also be dedicated to implementing phase 4 of the Cairo Metro Line 3 by the companies that implemented phase 2 under the same conditions and prices agreed on in 2007 to take advantage of the speed of execution and lower cost.
The new investment includes beginning the implementation of phase 3 of the metro’s Line 3, which extends over El-Ataba, Al Kit Kat, Imbaba, and Cairo University, in addition to starting phase 1 of Line 4 and the preparatory studies for Lines 5 and 6.
It is noteworthy that Hani Dahi, minister of transport and communications, previously confirmed that phase 4 of Line 3 would be completed during 2017.
(EGP1= AED0.47, at the time of publishing)