Egypt’s Transport Min. leads ACTA review of finances, upgrades

Egypt’s Minister of Industry and Transport Kamel El-Wazir led the ACTA general assembly to approve the firm’s 2024 financials and review performance highlights, fleet expansion, and smart transport upgrades, the ministry said on Tuesday.

The company now operates a fleet of 50 buses—30 electric and 20 gas-powered—as well as 144 electric taxis. Passenger numbers rose from 1.4 million in 2023 to 2.8 million in 2024. It recorded a net profit after taxes of 47.427 million Egyptian pounds, with revenues from operations reaching 96.857 million pounds in 2024.

Minister El-Wazir highlighted ACTA’s contracts with MCV to purchase five minibuses for LRT station service and ten new electric buses for operations inside the New Administrative Capital (NAC), the statement added.

These buses are equipped with audiovisual station announcement systems, e-payment devices, surveillance cameras, and GPS tracking—features designed for inclusivity and improved rider experience.

The meeting also reviewed the Capital Taxi service, which covers the NAC, Rehab, Madinaty, Mostakbal, Obour, Badr, Hadayek Al-Asimah, and Fifth Settlement. These eco-friendly taxis are equipped with POS devices, GPS, cameras, and digital payment capabilities, and are fully monitored through ACTA’s control centre.

The minister called for continued investment in modern buses—especially electric ones—and the expansion of ACTA’s service areas to better serve residential zones housing New Capital employees, as per the release.

He also directed an increase in the number of minibuses serving Zahrat Al-Asima and additional drivers to boost trip frequency and company revenues, while ensuring a supportive work environment for staff and drivers to maintain high service quality.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser