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Tuesday, 17 September 2019

Egypt signs MoU with Chinese company to construct sixth metro line

Ahram Online , Friday 1 Jan 2016
Metro
Cairo's metro (Photo: Al Ahram)
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Egypt signed a memorandum of understanding with the China Railway Construction Corporation to construct Cairo's sixth metro line, according to a transportation ministry statement issued on Thursday.

Cairo's metro, planned to have a total of six metro lines, aims to reduce traffic congestion in one of the most populous cities in the world.

The project to construct the sixth metro line will cost $3.5 billion, the financing of which remains under negotiation between the two parties, according to the statement.

The line stretches over 24 kilometres parallel to the first line from Al-Khosos north of Cairo until the southern suburb of Maadi in the satellite zone.

Egypt is still constructing the third metro line, which is planned to be completed by 2020. Construction on the fourth and fifth lines has not begun yet.

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Al
02-01-2016 06:05pm
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Who does the due diligence
It is a unique approach to technology selection; selecting a Russian firm for a nuclear reactor, a Chinese firm for railways, but a French firm for fighter jets! One would be keen to read the technical and financial feasibility studies for these wise decisions!
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