Tag: cairo metro

Some of the new cash will be directed to building railways, roads, bridges as well as to an extension of the Cairo metro and other improvements to the city's transport network.

“Women only,” a driver’s assistant calls out loudly, while expertly hanging out the door of a microbus on the corner of Abbas al-Aqqad Street, in the upper-middle class neighborhood of Nasr City.

Metros are being built in all sorts of unlikely places, such as the Gulf: Dubai’s system opened in 2009 and Mecca’s a year later. Now Abu Dhabi, Doha, Bahrain, Riyadh and Kuwait City have plans in progress; that they have plenty of oil to fuel their cars is not stopping them from trying to become greener.

The European Investment Bank (EIB) has approved the first 200 million euro block of funding for the Cairo Metro extension project.

A project rail boom within the transport sector in the Middle East and North Africa is expected to materialise in the next three years as the region allocates more than $250bn worth of investments in various rail projects.

France has granted Egypt 300 million euros ($392 million) to help build a new underground line, the Egyptian foreign minister told reporters on Tuesday.

In the wake of the Arab Spring, governments across the Middle East and North Africa (MENA) region have committed to massive infrastructure spending schemes designed to head off future discontent. In the GCC alone, total infrastructure spending over the next decade has been estimated at more than $1trn, and these projects will encompass everything from energy to transport, healthcare to education, transforming the region beyond recognition.

Japan will loan Egypt US$1.2 billion to fund its fourth metro line, Egyptian Planning and International Cooperation Minister Fayza Abouelnaga said. The Egyptian government is currently working on completing Cairo's third metro line. Work started on the line in 2007 and is expected to finish in 2013.