Cairo, Egypt (Urban Transport News): The Egyptian and French governments have signed a loan agreement to fund the manufacture and supply of 55 air-conditioned metro trainsets for Cairo Metro Line 1 as part of the Ministry of Transport’s plan to upgrade the line on March 28, 2022 .
The French government has committed to finance 776.9 million euros to execute the above supply agreement signed with Alstom. Egypt will repay the loan in 25 years at an interest rate of 0.0092%. The contribution of the Egyptian government in this agreement will be LE 1.83 billion, with a local component in manufacturing at 13.3%, thanks to the cooperation with the “SEMAF” factory.
The contract was signed between Kamel El-Wazir, Minister of Transport, and Bruno Le Maire, French Minister of Economy and Finance, in the presence of Prime Minister Mostafa Madbouli.
“This agreement is part of the Ministry’s project to develop the first line and provide everything new to support the enormous development in the field of green, clean and environmentally friendly public transport, in particular with the establishment of a comprehensive plan to develop the first and second lines to maintain their safety and maintenance in order to improve the service provided to the citizen,” said the statement issued by the Ministry of Transport of the Egyptian government.
“This comes to bring all the means of comfort and safety to metro users, to cope with the constant increase in the number of passengers and to reduce maintenance and operating costs”, adds the press release.
The statement adds that these trains will contribute to a huge qualitative leap in the level of service provided, since the train time will reach two and a half minutes with the ease of automatic operation of the line and the regularity of traffic and relay on the line. , noting that all new trains are air-conditioned, in order to provide the appropriate climate for passenger comfort, especially since the first line of the metro is the first line which began to be established in 1983, and has was commissioned in 1987, as it is the backbone of the entire Cairo Metro network.
Cairo Metro Line 1 is the oldest metro line in Egypt, carrying approximately 2.5 million passengers daily between El Marg and Helwan. These upgrades are part of Egypt’s plans to increase and improve public transport capacity and the passenger experience for citizens.