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Friday, July 13, 2018 12:46 Recent banknotes will not cover these costs
The Department of Transport said that there is a comprehensive and urgent plan to develop and modernize the subway infrastructure, especially the first line, "Al-Marg-Helwan", where the ministry is working to modernize and develop it in constant stages.
In a press release Friday, Ezz noted that the plan includes: Replacement of electrical systems with modern and sophisticated, replacement and upgrading of devices, development and lifting of the palm And replacement of signaling systems by modern systems which ensure safe operation and reduce traffic time: the manufacture and supply of 52 new trains have already completed 20 trains and have come into service and the remaining 32 trains in addition to rehabilitate, The ticketing to all the stations has already been completed and the installation of 850 ticket machines was completed last April.
Ezz said that according to preliminary estimates, the rehabilitation and modernization would cost more than 32 billion pounds, from 1983 to LE1 billion He pointed out that the modification of the system of collection of the last subway tickets would not cover in any case these costs, but would help cover the costs of operating and periodically repairing outages instead of implementing them, especially with the increase in electricity prices. The spokesman of the Ministry of Transport said that several banks and international institutions are currently negotiating to finance this development, such as the European Bank for Reconstruction EBRD, the French Development Agency (AFD) and the European Bank Investment (EIB).
Thank you Ali Hbadan Follow Us, Economy: Transportation: An urgent plan to develop the first subway line with 32 billion pounds over the six years, and it will continue until 6 years,
Source : Al-Shoruk Gate
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