EU to retain Russian frozen assets revenues even after lifting sanctions    Microsoft buys 1.6m carbon credits from central American project    Egypt, Côte d'Ivoire discuss enhanced water cooperation at World Water Forum    EU watchdog seeks oversight of cross-border finance firms    Rents rise by 24%, East Cairo at forefront of demand: Savills Egypt    Egypt secures $38.8bn in development financing over four years    Body of Iranian President Raisi returns to Tehran amidst national mourning    Palestinian resistance movements fight back against Israeli occupation in Gaza    President Al-Sisi reaffirms Egypt's dedication to peace in Gaza    Council of Arab Finance Ministers kickstart meetings in Cairo    Egypt to build 58 hospitals by '25    UK inflation eases, no June rate cut expected    Asia-Pacific REITs face high climate risk, report shows    Egyptian, Dutch Foreign Ministers raise alarm over humanitarian crisis in Gaza    "Aten Collection": BTC Launches its Latest Gold Collection Inspired by Ancient Egypt    Egypt's Health Minister monitors progress of national dialysis system automation project    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt Govt Secures 50% Finances for Metro Line 3's Phase III
Published in Amwal Al Ghad on 27 - 03 - 2014

Egypt's government will contribute by 50% of total financing for the 3rd phase of the third metro line project, Chairman of National Authority for Tunnels (NAT) Ismail El-Nagdy announced on Thursday.
The Egyptian official further elaborated that the government will contribute by EGP 9 billion out of total financing worth EGP 18 billion to the 3rd phase of the third metro line project.
Egypt had received €940 million from the French Development Agency (Agence Française de Développement AFD) and the European Investment Bank for the third phase of the third metro line project.
Around 7 global firms have applied so far for the tender launched by the Egyptian government for the third metro line project's 3rd phase, he noted.
Works on the third phase is likely to kick off before the end of the current year, NAT chairman added.
Cairo Metro Line 3 is a main line of the Cairo Metro mass transit system in Greater Cairo, Egypt extends from the northwest of the Greater Cairo at Imbaba to the northeast and will eventually serve Heliopolis and Cairo International Airport. The line crosses the River Nile twice at the western branch between Kit Kat and Zamalek and the eastern branch between Zamalek and downtown Cairo. The total length of the line is approximately 30.6 km of which 28.1 km is an underground section and the rest of the line about 2.5 km shall be on grade[1] and will be implemented in four phases. The project includes a main workshop adjacent to the western terminal of the line and a light repair workshop at the middle of the line at Abbasia. The line will use trains manufactured in Japan by Kinki Sharyo Co. and Toshiba Corp.
Phase 3 was set to begin in 2011 but was delayed due to the recent uprising in Egypt. The construction began in January 2012. This is the western branch of Line 3, this phase will connect Attaba Station with the already existing Gamal Abdel Nasser Station through Emad El-Din Street with a new station built in between, it will then continue on its way onto Maspero (New Station) and run under both branches of the Nile passing through Zamalek island and ending at Sphinx Square Station. Completion date is set at October 2015.
Cairo Metro, the first metro network in Africa, has been operational since 1990. The network consists of two lines, and a further two are planned.


Clic here to read the story from its source.