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Egypt, France sign loan agreement for procuring Rolling Stock for Cairo Metro Line 1
Maria Rose
Posted on: 2022-03-30 08:57:00
Viewer: 2,955
Comments: 0
Country: Egypt
City: Cairo
Cairo, Egypt (Urban Transport News): Egypt and France governments have signed a loan agreement to finance the manufacture and supply of 55 air-conditioned metro trains for the Cairo Metro line 1 as part of the Ministry of Transport's plan to upgrade the line on March 28, 2022.
The Trains will be manufactured and supplied by French multinational firm Alstom. In this regard, Alstom and National Authority for Tunnels (NAT) had signed an contract for supply of 55 Metropolis trains (9 cars per train) and an 8-year maintenance, valued at €876 million, for the upgrade of Cairo Metro Line 1, at TransMEA 2021.
The France government is agreed to finance €776.9 million to execute the above procurement deal signed with Alstom. The Egypt will repay the loan in 25 years at an interest rate of 0.0092 percent. The contribution of Egyptian government in this deal will be LE 1.83 billion, with the local component in manufacturing at 13.3 percent, through cooperation with the "SEMAF" factory.
The contract was signed between Kamel El-Wazir, Minister of Transport, and Bruno Le Maire, French Minister of Economy and Finance, in the presence of Prime Minister, Mostafa Madbouli.
"This agreement comes in light of the ministry’s plan to develop the first line and supply everything that is new to keep pace with the huge development in the field of green, clean, environmentally friendly mass transportation, especially with the implementation of a comprehensive plan to develop the first and second lines to maintain their safety and maintenance to improve the service provided to the citizen," said the statement issued by Ministry of Transport, Egypt Government.
“This comes to provide all means of comfort and safety for metro users, to accommodate the steady increase in the number of passengers, and to reduce maintenance and operating costs,” statement added.
The statement added that these trains will contribute to a huge qualitative leap in the level of service provided, as the time of train will reach two and a half minutes with the ease of automatic operation of the line and the regularity of traffic and relay on the line, noting that all the new trains are air-conditioned, in order to provide the appropriate climate for the comfort of passengers, especially since the first line of the metro is the first line that began to be established in 1983, and it was commissioned in 1987, as it is the backbone of the entire Cairo metro network.
Cairo Metro line 1 is the oldest metro line in Egypt, moving approximately 2.5 million passengers per day between El Marg and Helwan. These upgrades are part of Egypt’s plans to increase and improve public transportation capacity and passenger experience for citizens.
Maria Rose
Maria Rose is an Independent Technology Journalist in London, United Kingdom. She is currently working with Urban Transport News as Special Correspondent in International News Division.
