The Alexandria governorate will launch an international tender in 1Q2020 for building an underground metro in Alexandria, Governor Abdel Aziz Konsowa said, according to the local press. The EGP 17 bn first phase of the project will link Abu Qir in the east to the mid-western Mahatet Masr in Attarin, and take up to two years to complete. The second and third phases will then extend westward to El Max and Km 21 on the Alexandria-Matrouh road. All technical and financial studies of the project, which will see the governorate partner up with the Transport Ministry, were recently completed, Konsowa said. Construction was set to begin later this year, but it appears to have been postponed.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…