China-based carmaker BYD says it signed a memorandum of Understanding (MoU) with Egypt to build a SkyRail monorail transit system in Alexandria, Invest-Gate reports.
The MoU, signed between BYD and Alexandria Passenger Transportation Authority (APTA), envisages a monorail project spanning 128 kilometers, according to a statement released on October 22.
“BYD’s SkyRail is a clean, affordable and safe way for people to commute. It also utilizes limited road space in towns and cities while minimizing disruption to local communities,” according to AD Huang, general manager of BYD Middle East and Africa Auto Sales Division.