Public Management

Egypt’s govt plans $32bln investment to expand the Cairo metro over 2020-24

Egypt’s govt plans $32bln investment to expand the Cairo metro over 2020-24
Wednesday, 08 July 2020 15:30

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
ACK Holding signed an agreement to acquire Colas Gabon, a subsidiary of Bouygues. The deal includes industrial assets and 254 employees, with...
BICICI posted a net profit of CFA36.5 billion ($65.4 million), up 39.3% year-on-year in 2025. Customer loans fell to CFA524.4 billion as the...
Shares gained 42.36% in 2025 and hit an all-time high of 37,500 CFA francs in 2026, delivering investors a sustained rally on the BRVM...
Côte d’Ivoire signs $888 million deals at IMF-World Bank meetings Agreements target social sectors and $300 million energy...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
04

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
05

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.