Canada’s Bombardier has completed and presented the results of the feasibility studies for the development of Cairo Metro Line 6, Assistant Transport Minister Amr Shaat said, Al Mal reports. The National Authority for Tunnels (NAT) had signed an MoU with the Canadian company last July to conduct the feasibility studies. The 30 km line will have 24 stops and should be operational by 2022.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
EGX30 gained 2.79% in 3Q, but September gave back most of its July-August run, with mid-caps falling the hardest
Small- and mid-cap indices widened their lead over the benchmark…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…