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Monday, 16 July 2018

Transport Ministry and private sector to manage Cairo Metro Line 3

Private sector could get a piece of Cairo Metro Line 3 opeations: The Transport Ministry is looking to launch a new company to manage the Cairo Metro Line 3 once construction work on it is complete, sources with knowledge of the matter tell Al Shorouk. The private sector will be allowed to participate in the new company, which would operate in a manner similar to the Egyptian Co. For Metro Management & Operation. The ministry should settle on a final corporate structure by the end of September. Orascom Construction and a JV comprised of VINCI, Bouygues, and Arab Contractors broke ground on Line 3 in May, with some EUR 300 mn in funding from the French Development Agency (AFD).

On a related note, Sestra has been tapped to consult on the overhaul of Metro Line 1, which the ministry is currently trying to secure funding for ahead of the planned commencement of work in 2019.

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