Last Update 22:53
Monday, 23 September 2019

'Cairo metro ticket actual cost LE25 but sold for LE1': Minister

Transport minister says real cost of a Cairo metro ticket cost is LE25 due to operation and maintenance despite statements from Egypt's National Authority for Tunnels saying real cost is LE9

Ahram Online , Monday 29 Dec 2014
metro
Third line will eventually connect Cairo Airport with Giza (Photo: Reuters)
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The actual cost to the government of a ticket to ride the underground metro in the Cairo metropolitan area costs LE25 ($3.5) according to the latest statements from transportation minister Hani Dahi.

"The cost of ticket is LE25 while the passenger pays only LE1 ($0.13) per ticket for all destinations,” the minister said during a press conference on Monday according to state-run news agency, MENA.

Dahi added that Cairo metro has accumulated losses of LE180 million ($25 million) compared to LE132 million last year due to operation and maintenance costs.

Dahi’s statements are in contradiction with those of Egypt's National Authority for Tunnels, which a few months ago said the real cost of the ticket is about LE9.

The minister said that the government is still studying a new pricing mechanism that might include either setting prices depending on journey length or raising the flat rate for all destinations.

Dahi added that new prices circulating in the media are incorrect.

Earlier this month, Mohamed Ezz Eddin, spokesperson for the transportation ministry told Ahram Online that the government will study whether increasing advertisement inside the metro would be enough to cover the operation costs. 

"If not, prices may be raised in accordance with "the number of stations travelled to by each passenger,” he said.

Dahi added an agreement for a fourth line funded by a French company will be signed after the Coptic Christmas holiday on 7 January. 

A new phase of Cairo's third metro line linking Abbasiya in Central Cairo and the northeastern suburb of Heliopolis was inaugurated earlier this year. Once completed, the line will stretch 43.5 kilometres from Cairo airport to Imbaba in Giza. 

The fourth line is due to be completed by 2019.

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KhaledO.
30-12-2014 08:53am
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Does not make paper and pen sense!
Paper and pen time. 4mln passangers a day, 360 days a year, thats 1,400Mln tickets! they have yearly losses of 48Mln (180Mln-132Mln). Divide the 42Mln losses by 1.4bln tickets, thats 0.03EGP extra per ticket. So the real ticket should be around 1.03EGP to cover losses. If the ticket was really for 25EGP and they only charged 1 EGP, that would have made their losses: 24EGP * 1400Mln = 34,000Mln EGP not a mear 48Mln EGP. Interesting...
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Sherif
30-12-2014 02:27pm
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khaled
khaled, you are my new hero
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