Tunnel authority receives EGP 9bn for metro line expansion

Chairman of the National Authority for Tunnels (NAT) Ismail El Nagdy told Daily News Egypt that the Ministry of Finance has transferred EGP 9bn from the state treasury to implement the final phase of the “airport metro” project.

El Nagdy added that the total implementation costs for this expansion amount to EGP 11bn and the project is expected to be completed within three years.

A total of EGP 80bn is required to fund the wider expansion of Egypt’s metro network, which also entails building the first phase of the fourth line metro line in Cairo, in addition to building metro lines in Ismailia and Port Said under the canal.

El Nagdy stated that the ministry has also approved EGP 7bn for the NAT to purchase new trains for the final phase of the third line, bringing the total cost of the phase to EGP 18bn.