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Monday, 29 May 2017

Cairo Metro Line 1 requires EUR 990 mn to complete development

Cairo Metro’s Line 1 needs EUR 990 mn in order to complete development plans, Transport Minister Hisham Arafat said, Al Shorouk reports. The sum includes EUR 360 mn for infrastructure costs and the rest for train cars. Arafat says the Ministry is currently assessing funding proposals from the European Investment Bank, the European Bank for Reconstruction and Development, and the French Development Agency. He added that the Ministry is also buying six air conditioned trains that will cost a total of EUR 100 mn for Line 2.

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