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Cabinet approves agreement with EBRD to upgrade metro - Daily News Egypt

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Cabinet approves agreement with EBRD to upgrade metro

Agreement previously signed in August to develop line 1

Egypt’s Cabinet approved agreement between the European Bank for Reconstruction and Development (EBRD) and the Egyptian government to upgrade line 1 of Cairo’s underground Metro Station, during a weekly meeting on Wednesday.

The agreement that was signed in August, will provide a value of €205m that aims at upgrading energy units, signals, and central control systems.

Minister of Transport Hisham Arafat said that line 1 of the metro is used by up to 1.8 million commuters daily, according to state-run Al-Ahram.

Egypt has recently hiked the price of metro tickets, which will also help in financing the development of the metro system. Currently, innovation projects are being applied on 3, 4 lines of the metro.

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