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
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 92nd Ordinary Session on June 30, 2025. The Board...
• The IMF approved a $261.9 million disbursement under DR Congo’s credit program• Economic growth hit 6.5% in 2024, driven by the extractive sector•...
• Ghana’s Parliament approved a $360 million loan from the World Bank’s IDA• The funds will help pay road sector arrears, support vulnerable groups,...
(AMETRADE) - The 15th edition of the annual Africa PPP Summit (#APPP2025) is set to take place on 28 – 31 October 2025 at Hilton Hotel, Windhoek, Republic...
Most Read
01

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
02

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
03

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
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

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

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.