Cairo Metro to Receive EGP 7 Billion Renovation

Egypt has signed a deal worth over EGP 7 billion ($398 million) deal with the European Investment Bank (EIB) to upgrade the first line of the Cairo Metro, as reported by Zawya. The deal was signed during the European-African Forum in Vienna by Egypt’s Minister of Investment and International Cooperation, Sahar Nasr, and Warner Ecker, President of the EIB.

The renovations include improvements to the signal systems, the metro’s current electronic systems, communications infrastructure, central control systems and power supply on the first and oldest line. It will be carried out by international companies and take five years to complete.

According to a statement by Tariq Abu Al-Wafa, head of the Central Planning Department at the National Authority for Tunnels, to Thompson Reuters, a global tender will launch early next year, with the process estimated to take six months.

The first metro line sits along a 44 km route, encompasses 35 stations and transporting an estimated 2 million passengers daily.