NAT, France’s RATP plan to set up a JV to operate, maintain Cairo Metro Line 3

The National Authority for Tunnels (NAT) is in talks with French public transport operator RATP to establish a French-Egyptian JV to operate and maintain Cairo Metro Line 3, which runs from Imbaba to Cairo International Airport, Al Masry Al Youm reports. Ownership of the new company would be an 80/20 split, with the NAT being the majority owner. The NAT is waiting on amendments to the law regulating the authority’s operations to finalize the agreements for the new company, according to NAT spokesman Hassan Tawfik. Zaki Hashem & Partners are acting as legal advisors to RATP.