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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.

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