Mwasalat Misr lands long-term contracts for new cities
Mass transport operator Mwasalat Misr will take charge of bus fleets in new cities under a 15-year contract with the New Urban Communities Authority, deputy general manager Mohsen Sabra said, according to Al Mal. The company, a provider of higher-end mass transport, will operate and maintain some 110 buses in six cities including Shorouk City, Badr, Al Obour, Sheikh Zayed, Tenth of Ramadan, and Sixth of October. It is expected to invest some EGP 1.5 bn in running the new routes and financing a fleet expansion. We tried reaching out to Mwasalat Misr to confirm the story and get further details, but a representative from the company wasn’t available as of dispatch time.
Mwasalt, which is majority-owned by Emirates National Group, previously operated fewer lines between cities including Sixth of October and Sheikh Zayed under short-term agreements.