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

Former Al-Azhar Dean Condemned for Victim-Blaming Murdered Mansoura Student

Mona Abdou22 June 2022

Egypt Loses $23 Billion from COVID-19, Ukraine Conflict

Shereif Barakat21 June 2022

Egyptian Woman Slaughtered at University ‘For Rejecting Man’

Amina Zaineldine20 June 2022

Egyptians Can Now Apply to Join Netflix’s ‘Squid Game’ Reality Show

Eleonora Christo Vostanis18 June 2022

Arrivals to Egypt No Longer Need to Worry About COVID-19 Restrictions

Egyptian Streets17 June 2022

Egypt’s Prime Minister Urges Egyptians to Rationalize Food Consumption

Egyptian Streets16 June 2022

Egypt, Israel, and EU Sign Deal to Export Natural Gas to Europe

Marina Makary15 June 2022

G7: We Stand With Egypt During Wheat Crisis Caused By Russia

Shereif Barakat15 June 2022