News

Egypt to Raise Metro Ticket Prices by 2018

Egypt to Raise Metro Ticket Prices by 2018

The price of metro tickets in Cairo to increase by 100 percent by 2018 reaching EGP 4, according to the Egyptian Transport Minister Hesham Arafat.

According to Arafat, the ticket price will range between EGP 2 and EGP 4 by the last quarter of 2018, depending on the trip distance.

Arafat added that railway ticket prices will also increase after the completion of ongoing renovation projects worth of EGP 45 billion. He further added that the increase of the metro ticket prices is not the result of the increased fuel costs, but rather the cost of maintenance work.

He said that in addition to maintenance operations on the first metro line, which will cost EGP 24 billion, the maintenance of the third line maintenance will cost 80 EGP. As for the establishment of the fourth line, it would cost EGP 30 billion, according to AhramOnline.

Earlier in March, the price of metro tickets doubled from EGP 1 ($US 0.06) to EGP 2 ($US 0.11).

According to Prime Minister Sherif Ismail, the metro service is facing EGP 500 million in debt. The previous increase is a result of the high cost of maintenance, upgrades, and the launching of new metro lines to cover more areas of Greater Cairo.

Al Mizan Economic: The First Interactive Digital Media Application
Unexpected Surge in Interest Rate by 2 Percent: CBE

Subscribe to our newsletter


News

More in News

Egyptian Minister of Social Solidarity Appointed Director of UN Office on Drugs and Crime

Egyptian StreetsNovember 22, 2019

Egypt is the 8th Safest Country Worldwide: Gallup 2019

Egyptian StreetsNovember 21, 2019

Ministry of Tourism Freezes Water Sport Licenses in the Red Sea and Sinai

Egyptian StreetsNovember 20, 2019

Egypt Secures Olympic Games Spot After Victory Against South Africa

Egyptian StreetsNovember 19, 2019

Cairo Rejects Pompeo’s Statement Legalizing Israeli Settlements

Egyptian StreetsNovember 19, 2019

Aswan International Women Film Festival to Focus on Egyptian Women in Politics

Egyptian StreetsNovember 18, 2019

Newly Appointed US Ambassador Arrives to Cairo

Egyptian StreetsNovember 18, 2019

Two Young Egyptians Slammed for Humiliating South Sudanese Refugee Student

Egyptian StreetsNovember 17, 2019