Egyptian National Authority for Tunnels (NAT) will receive a EUR 205 million financing from the European Bank for Reconstruction and Development for the partial rehabilitation of Cairo Metro Line 1.
The EBRD loan will be complemented by a EUR 350 million loan provided by the European Investment Bank and a EUR 50 million loan from Agence Française de Développement.
The funds will finance urgent works on Line 1, the oldest of the Cairo underground lines, which remains the backbone of the system and is used by 500 million passengers per year.
The project will increase the line’s capacity by 40 per cent by reducing headway from 3.5 minutes to 2.5 minutes, thereby improving levels of safety, comfort and service reliability. The project will also introduce on-the-job training opportunities for young people.
The Cairo metro transport system currently consists of three lines and a fourth is under construction. Line 1 is 42.5 km long and has 33 stations and offers direct connection on city’s north-south axis.
The investment will also help introduce an enterprise resource planning system, an asset-management and cost-accounting module to be used by the metro operator ECM. The system will introduce modern and efficient asset-management practices and provide a comprehensive tool for system optimisation and performance improvement.
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