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’s House of Representatives Approves a $500 Million Loan to Reform Education

Marwan ShalabyJuly 18, 2018

Egyptian Parliament Passes New Law to ‘Fight Fake News’

Mirna AbdulaalJuly 18, 2018

Egyptian Military Officers May Receive Immunity Over 2013 Muslim Brotherhood Crackdown

Sabah KhodirJuly 17, 2018

Foreign Residents To Be Granted Egyptian Nationality For a Deposit of 7 Million LE

Mirna AbdulaalJuly 16, 2018

Case Of Three Slaughtered Children Found in Plastic Bags in Egypt Solved

Sabah KhodirJuly 16, 2018

New Administrative Capital Will be Egypt’s First Smart City

Mirna AbdulaalJuly 15, 2018

Six Egyptians Selected Among Young Africans for Obama Leadership Program

Egyptian StreetsJuly 15, 2018

Egypt’s Two Female Weightlifters Win Gold Medals at IWF Junior World Championships

Mirna AbdulaalJuly 14, 2018
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.