French and Greek companies competing for management of Cairo Metro Line 3?

French and Greek companies are competing for the management of the Cairo Metro Line 3, Transport Minister Hisham Arafat said yesterday, according to Al Mal. Arafat did not name the companies or provide further details, but to our knowledge, the government had reportedly accepted last week a bid from France’s RATP to run the line. The French Development Agency and the European Investment Bank (EIB) are financing the construction of the third line, for which Egypt received USD 300 mn earlier this year.