The Public Transport Authority signed a EGP 35 mn agreement with MAN-Kastour for 13 double-decker buses, authority chief Rizk Ali says, according to Al Borsa. The buses will be operational at the start of 2018 and serve as a replacement to the Heliopolis tram that was retired in 2014. Another tender will be issued soon for new buses in other areas in Cairo. In the meantime, the Public Transport Authority has also launched a new line of buses, equipped with WiFi, air conditioning, and an e-ticketing system, Ahram Online reports. A ride on one of these 26-seaters, which were provided in collaboration with private transport company Mowasalat Misr, will set you back EGP 5, according to AMAY — a far cry from the EGP 1 and EGP 2 charged on regular public buses. 10 vehicles were put into service last week, with 30 more set to hit the streets by 1 August, according to Ali. The Transport Authority plans to “impose a strict system of regular maintenance ”to ensure that service quality remains at its highest.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…