French transportation firm RATP Dev to run Cairo Metro Line 3
French transportation firm RATP Dev will run Cairo Metro Line 3: The National Authority for Tunnels (NAT) signed a EUR 1.14 bn contract with French transportation firm RATP Dev to operate the Cairo metro’s third line for a period of 15 years, according to a Transport Ministry statement. RATP Dev — short for Régie Autonome des Transports Parisiens — operates urban transport systems on four continents, including the Paris metro line.
Metro Line 3 houses Egypt’s first transit hub… Adly Mansour station — the final station on Line 3 which was inaugurated last month by President Abdel Fattah El Sisi — is now officially the country’s first transit hub. The hub will connect the New Administrative Capital to the rest of the nation and include a commercial investment zone alongside a full-service transport complex. The station, which was constructed by Orascom Construction and the Arab Contractors, will also connect five different modes of transportation and serve some 1.5 mn passengers per day.
…And the Middle East’s largest metro station: Heliopolis metro station was declared the largest metro station in MENA when Transport Minister Kamel El Wazir inaugurated it in October of last year, becoming the largest in the Middle East. The station is slated to accommodate an entire shopping mall this year.
Advisors: Zaki Hashem & Partners acted as the legal advisor on the transaction.