Egypt on Sunday handed over the management, operation and maintenance of its Cairo Metro’s third line to French transport firm RTP Dev, in a move aimed to provide better transport services for Egyptian citizens.
The French company is taking over from Egypt’s National Authority for Tunnels (NAT) under a 15-year contract worth of 1.1 billion-euro ($1.4-billion).
Speaking at a hand-over event, Egypt’s Transport Minister Kamel El-Wazir said the long-term cooperation will help provide a distinguished service to the Metro’s passengers and bring in foreign expertise in the field of management, operation and maintenance.
The move is also aimed to achieve optimal utilization of the assets of the third line to achieve the highest revenues, he added.
The third metro line links eastern and western Cairo and running from Cairo University passing through Imbaba, Abbasiya and Adly Mansour metro stations.
RATP Dev will train the Egyptian workers, who will constitute not less than 90% of the management staff, a statement by the Ministry of Transport said.
El-Wazir said the ministry will have the exclusive right to determine the price of the ticket, the French company has no role in this regard.
The French company RATP Dev – a subsidiary of RATP, or Régie Autonome des Transports Parisiens – is the transportation operator for Paris and operates in 13 countries in America, Europe, the Middle East and Asia.
As the world's fourth-largest urban transportation operator, RATP Group runs and maintains tens of thousands of kilometres of underground metros, bus, tram, and urban or intercity rail lines around the globe.
RATP Dev also signed an agreement for the operation and maintenance of the 10th of Ramadan - New Administrative Capital City’s electric Light Rail Transit (LRT) for a period of 15 years, renewable for five more years.
The LRT system in Egypt is scheduled to begin operations in October 2021. It will connect with the third line of the Cairo underground network at Adly Mansour station, and link Cairo, Obour, Shorouk, Mostaqbal, Badr and 10 Ramadan city with the New Capital via the 16 stops along its 100km length.
French Ambassador to Egypt Stéphane Romatet and the Chairwoman of the RATP Dev Executive Board Laurence Batlle attended Sunday’s event.