403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Egypt- National tunnel authority to acquire Tram Heliopolis
(MENAFN- Daily News Egypt) The National Authority for Tunnels (NAT) has started procedures to transfer ownership of Tram Heliopolis to the Cairo Governorate and Public Transportation Authority authorities, NAT's head General Ismail El-Nagdy announced in a Saturday statement.
El-Nagdy said the move comes as part of developing the tram and establishing an electrified train "in accordance with international standards". This will help to fight traffic jams in Heliopolis and downtown.
Tram Heliopolis will be connected to the current metro and the electrified train networks, to collectively form a "developed" public transportation network inside Cairo, El-Nagdy said.
A total of EGP 80bn is required to fund the wider expansion of Egypt's metro network, which also entails building the first phase of the fourth metro line in Cairo. There are also metro lines planned in Ismailia and Port Said under the canal.
The NAT also requires funds to construct three metro lines in Port Said and others in Ismailia as part of the Suez Canal development project, set to cost EGP 4.5m over the next three years. El-Nagdy added that the total cost for metro construction is approximately EGP 13bn.
El-Nagdy said the move comes as part of developing the tram and establishing an electrified train "in accordance with international standards". This will help to fight traffic jams in Heliopolis and downtown.
Tram Heliopolis will be connected to the current metro and the electrified train networks, to collectively form a "developed" public transportation network inside Cairo, El-Nagdy said.
A total of EGP 80bn is required to fund the wider expansion of Egypt's metro network, which also entails building the first phase of the fourth metro line in Cairo. There are also metro lines planned in Ismailia and Port Said under the canal.
The NAT also requires funds to construct three metro lines in Port Said and others in Ismailia as part of the Suez Canal development project, set to cost EGP 4.5m over the next three years. El-Nagdy added that the total cost for metro construction is approximately EGP 13bn.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment