The government of Egypt is looking for USD 26B to finance the fourth phase of expansion of Cairo Metro Third Line.
Egypt’s government is keen to invest in the Cairo Metro Third Line so that it can boost its already wounded economy, which is recovering from the political turmoil that started in 2011.
Chairman of National Authority for Tunnels (NAT) Ismail El-Nagdy revealed, last week, that the government is in its final stages of scouting for funding of the project, and it is expected to make a major announcement by end of August on its final decision to finance the fourth phase.
According to Ismail El-Nagdy, the Abdel Fattah el-Sisi government is willing to immediately start next October, the implementation process of the fourth phase.
The construction work of the Cairo Metro Third Line project will start from Heliopolis district and to end at the Cairo International Airport. The line has runs 15.8 km and the fourth phase of construction will involve setting up of 10 stations, namely Haroun, Heliopolis square, Alf Maskan, Shams Club, Nozha 1, Nozha 2, Qiba, Omar Ibn Al Khattab, El-Salam, 10th of Ramadan Station, and Airport.
Cairo Metro Line 3 is a main line of the Cairo Metro mass transit system in Greater Cairo, Egypt, and has been operational since 1990. The network consists of two lines and a further two are planned.
The line extends from the northwest of the Greater Cairo area at Imbaba to the northeastm, and will eventually serve Heliopolis and Cairo International Airport.
The line crosses the River Nile twice at the western branch between Kit Kat and Zamalek, and the eastern branch between Zamalek and downtown Cairo