A consortium of Egypt-based Orascom Construction (OC) and Japanese conglomerate Mitsubishi Corporation was awarded a USD 800 mn (EGP 12.5 bn) contract to execute work on the first phase of the Cairo Metro Line IV.

Egypt has signed two agreements with a Chinese alliance for the execution of the second and third phases of the country's first light rail transit (LRT) project, connecting El Salam City and the New Administrative Capital (NAC) through 10th of Ramadan City.

Egypt's transport ministry intends to pump EGP 512 bn into 22 subway projects over the next four years, as the country's rapid transit system marks a vital plank of the state's infrastructure development program.