Egypt is signing a memorandum of understanding with Canadian plane and train manufacturer, Bombardier Inc., to finance and construct Cairo’s sixth metro line, with an initial cost estimated at USD 4 bn, Invest-Gate reports.
The sixth line will stretch over 20 kilometers parallel to the first line, with a total of 24 stations, 12 of them underground. It will run from northern Cairo near the ring road, then head south, passing through Greater Cairo’s Shubra El-Kheima and New Maadi, ending at the start of Ain El-Sokhna Road.
Egyptian Transportation Minister Hesham Arafat announces the deal and states that the project will reduce pressure on the metro’s existing line 1.