Egypt announced a total of 22 projects to be carried out under the program to expand the Cairo metro. Until 2024, the government plans to disburse EGP512 billion ($32 billion), the minister of transport, Kamel El-Wazir (pictured), reported.
Eight projects have already been implemented for an investment of EGP33.1 billion ($2.1 billion), six projects are being implemented for EGP228.5 billion ($14 billion), while another eight projects will be launched later this month with a budget of EGP250.5 billion ($16 billion), the minister said during a meeting with officials of the National Authority for Tunnels (NAT) on July 6.
Reviewing the progress of work on the 3rd line of the Cairo Metro, he noted that Phase 3 of the construction site has reached a 36% completion rate. This segment extends over 17.7 km with 15 stations. Once completed, the third line of the Cairo metro, implemented in four phases, will cross the Egyptian capital from east to west from the airport to the western districts of the Nile. It will have 34 stations over 43.5 km. According to the Minister, the total capacity of the Cairo metro (lines 1 and 2 included) will be increased to 3.5 million passengers per day.
It should be recalled that as part of the construction work on line 3, Egypt inaugurated the largest metro station in Africa and the Middle East on 20 October 2019. Called Heliopolis Station, this facility, worth around $116.8 million and entirely financed by the Egyptian government, is built on 10,000 square meters. According to the government, its commissioning will help Egyptians save nearly $14.2 million in public transportation costs.
Romuald Ngueyap
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Government orders talks to set “fair” Jet A1 prices Fuel costs jump nearly 267% in two months, straining airlines Sector warns of flight disruptions...
New 50 MW solar plant aims to improve power supply in rural Luapula Project reflects shift away from hydro dependence after 2024 drought Government...
Petrosen takes full control of Yakaar-Teranga gas project Government hails deal as a strategic recovery with no financial cost Timeline targets first...
PHC targets in-house refining to move up the value chain Project depends on output growth that has slowed in recent years Expansion comes as Congo...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...