The Entire Project linking Cairo to the New Capital would be completed by Q4 2021
The Egyptian Government signed on Monday two agreements with the Chinese AVIC/CREC consortium to implement the second and third phases of the Light Rail Project linking Cairo to the New Administrative Capital.
The $130 million second phase, from the Administrative Capital Station 1 to the Administrative Capital Station 2, with a length of 3.9 kilometres and one station, would be funded through a Chinese loan of $60 million with the Egyptian government providing the rest”.
“The overall construction work in the First & Second Phases has reached 65 percent,” Egypt’s Transportation Minister Kamel El Wazir said.
The $1.65 billion first phase, extending from Adly Mansour Metro station to the New Administrative Capital 1 station, with a total length of 66.3 kilometres and 11 stations, is funded by a Chinese loan of $1.2 billion with the Egyptian government providing the rest.
In January last year, Daily News Egypt had reported that the project has obtained a $1.2 billion loan from the Export-Import Bank of China.
Wazir said the $400 million third phase would start soon and be fully funded by a Chinese loan. The third phase would extend from the Administrative Capital Station 2 South to the Sports City station with a length of 14.7 kilometres and from the 10th of Ramadan 1 station to the 10 of Ramadan 2 station with a length of 5.3 kilometres.
The entire Light Rail project, with a total length of nearly 90 kilometres and 16 stations, would be completed by October 2021 and have a carrying capacity of 500,000 passengers per day, he added.
Rania Al-Mashat, Minister of International Cooperation, said China and Egypt enjoy strong relations with Egypt joining the Belt & Road Initiative in 2017. She said the total value of Chinese-funded development projects in the country stands at $ 1.8 billion in transport, scientific research, and space science sectors.