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FinancialNews
16-06-19
Cairo metro line ticket price up to hit USD60
(MENAFN) Egypt's transport ministry announced that the country imposed hikes of ticket prices of the third metro line of Cairo, making it reach up to USD60.
This comes following the extension of the line as Egypt inauguration three new stations, a move likely to strengthen the transport sector.
It comes before Egypt slaps anticipated hikes on prices of fuel and electricity within a 2016 IMF-backed austerity program.
Renovations on the line are expected to assist in linking central Cairo to the new Egyptian administrative capital that is being established 28 miles east of the city.
MENAFN1606201900450000ID1098642629
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