Egypt's Cabinet approved in its weekly session Wednesday a funding agreement between the European Bank for Reconstruction and Development and the Egyptian government to upgrade Line 1 of Cairo's underground Metro at a value of 205 million euros.
The agreement, signed in August, aims at upgrading energy units, signals, and central control systems.
Line 1 of the Cairo Metro is used by up to 1.8 million commuters daily, said Minister of Transport Hisham Arafat, adding that efforts are being made to improve the service.
Egypt has recently hiked the price of Metro tickets after a partial lifting of fuel subsidies. The price hike aims also to finance extensions of the Metro system.
The last price increase was in May, when ticket prices were raised based on a new zoning system, ranging from EGP 3 to EGP 7 per ticket, up from a flat rate of EGP 2.
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First launched in 1987, Cairo's Metro, which runs both above and below ground at a top speed of 80 kilometres an hour, is one of the country's fastest means of transportation.
Across all lines combined, the Metro accommodates more than four million passengers per day.
Egypt plans to construct two additional Metro lines by 2030, in order to connect Cairo, Giza and the country’s new administrative capital, bringing the total number of lines to six.
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