Spain’s CAF, Mitsubishi interested in project to upgrade 23 old metro cars

Spanish railway supplier CAF is interested in teaming up with Japanese conglomerate Mitsubishi to overhaul 23 railcars operating on Cairo Metro Line 1, and could secure financing for the project, Spain’s ambassador to Cairo Ramón Gil Casares told Transport Minister Kamel El Wazir. The Transport Ministry has been planning to launch a tender this year to award a renovation contract. The European Investment Bank said in May it could finance direct up to EUR 1.13 bn towards the plan over the next five years.