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 Leader of Muslim Brotherhood Mohamed Mahdi Akef Dies at 89

Egyptian StreetsSeptember 23, 2017

Forest Whitaker to Receive Career Achievement Award at El Gouna Film Festival

Egyptian StreetsSeptember 23, 2017

Egypt Ranks First in ‘Where to invest in Africa 2018’ List

Egyptian StreetsSeptember 21, 2017

Uber to Launch Public Transport Service in Egypt: Minister

Egyptian StreetsSeptember 21, 2017

US to Consider Restoring Halted Military Aid to Egypt: Trump

Egyptian StreetsSeptember 21, 2017

President Al-Sisi Addresses the United Nations

Egyptian StreetsSeptember 20, 2017

President Al-Sisi Meets Israel’s Netanyahu Publicly For The First Time in New York

Egyptian StreetsSeptember 19, 2017

Irish-Egyptian Ibrahim Halawa Acquitted By Egypt Courts After Four-Year Imprisonment

Kari MegeedSeptember 18, 2017
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.