News

Egypt to Increase Price of Metro Tickets to EGP 2

Egypt to Increase Price of Metro Tickets to EGP 2

The underground metro is one of Cairo’s most popular means of transportation, costing only EGP 1 per ride. Credit: Peter Macdiarmid/ Getty Images

Egypt is set to double the price of metro tickets from EGP 1 ($US 0.06) to EGP 2 ($US 0.11), announced Minister of Transport Hisham Arafat on Thursday.

According to the Minister, the increase in prices would take place shortly. However, no date has been provided by the government for the increase’s implementation.

Over the past few days, the price of metro tickets has been hotly debated in parliament, with many members of parliament opposed to an increase. The Minister confirmed that they had planned to increase the price to EGP 3. However, it appears that opposition forced the increase to EGP 2 instead. With more than 40 percent of Egyptians living in poverty, many believe the increase will only cause further economic hardship.

The rise in prices comes as the Egyptian government has been attempting to solve financial issues facing the metro. According to Prime Minister Sherif Ismail, the metro service is facing EGP 500 million in debt. This is the result of the high cost of maintenance, upgrades, and the launching of new metro lines to cover more areas of Greater Cairo.

There has been much speculation in the past regarding a potential hike in the price of a metro ticket, with officials failing to make clear whether the step would be taken.

In 2016, a spokesman from the Ministry of Transportation said that the ministry was planning to double the price of the tickets to offset annual losses, one year after then-transportation minister Hani Dahi denied plans to increase ticket prices.

One Killed in Cairo's Maadi Explosion
Amazon to Acquire the Middle Eastern E-Commerce Site Souq.com

Subscribe to our newsletter


News

More in News

Egypt Issues Arrest Warrant for Italian Diplomat Accused of Smuggling Antiquities

Egyptian StreetsSeptember 17, 2019

Egypt Plans Nation-Wide Citizen Input Workshops to Discuss State Budget

Egyptian StreetsSeptember 15, 2019

Egypt Condemns Drone Attack on Two of Saudi Arabia’s Aramco Oil Facilities

Egyptian StreetsSeptember 15, 2019

Sisi Says Videos on Government Corruption Full of ‘Lies’ and ‘Slander’

Egyptian StreetsSeptember 14, 2019

Egypt-Belgium MoU Secures EGP 16 m For Baron Palace Renovation

Egyptian StreetsSeptember 13, 2019

Egypt Appoints New Prosecutor General Hamada El-Sawy

Egyptian StreetsSeptember 12, 2019

London School of Economics Denies Reports of Deal to Open Branch in Egypt’s New Capital

Egyptian StreetsSeptember 11, 2019

Arab League Condemns Netanyahu’s Plan to Annex the West Bank

Egyptian StreetsSeptember 11, 2019
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.