Government allocates $511mn to upgrade Cairo Metro

Egyptian government decided to allocate EGP4 billion (US$511.1 million) as investments to develop the services of Metro during fiscal year 2015-16.

Those investments will be dedicated for operating the existent metro lines with the capacity of three million passengers daily as well as supplying 20 air-conditioned trains, three middle rail vehicles, three cabs and diesel multiple unit.

The investments also will be allocated to execute the fourth phase of Cairo Metro Line 3 by the firms that have executed the second phase with the same conditions and prices agreed on in 2007.

The four billion Egyptian pounds includes starting the execution processes of the third phase of Line 3 -which extends from El-Attaba to Rod El-Farag corridor, passing through Al-Kit Kaat up to Cairo Unversity station of line 2- as well as starting the first phase of Line four and preparing the studies for the fifth and sixth lines.

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