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Egyptian state-owned railway management firm is planning to put the purchase of 13 new trains for Cairo Metro’s second line out to tender by early 2017.
At total cost of $1.5 billion, the Egyptian Company for Metro Management and Operation, in cooperation with the National Authority for Tunnels (NAT), is set to issue the tender by the beginning of 2017.
Ali Fadaly, head of Egyptian Company for Metro Management and Operation, said his company would receive soon a loan jointly secured by the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) to finance the import of the new trains.
