Cairo Metro - Creative Commons via Wikimedia Commons
CAIRO – 5 May 2017: The Cairo Metro Company’s revenues have gone up from a monthly average of 50 million EGP ($2.7 million) to 107 million EGP ($5.9 million) since the increase of the ticket prices in early April, Ministry of Transportation representative to Metro Co. Khaled Sabra said on Friday.
The company has allocated 90 million EGP of the revenues to cover the daily operation costs, while the rest was allocated for paying off the company’s debts, which are estimated at 511 million EGP, he added.
Prices of the metro ticket have been doubled to 2 EGP last month in a bid to contain the financial problems of Cairo’s metro service. The cost of the metro ticket for passengers with disabilities was reduced to 50 piasters.
Cairo’s vital metro service has 64 stations operating on three lines. According to the Egyptian Company for Metro management, it is the second most popular means of public transportation in Egypt after the microbus.
Cairo’s underground system is one of the oldest in the Middle East and North Africa (MENA) region, which serves around 3.5 million passengers daily.