By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Egypt’s IDA gears up to provide its services for investors online
    Egypt’s IDA gears up to provide its services for investors online 
    March 29, 2023
    Egypt. Germany discuss promotion of cooperation in communications, digital transformation
    Egypt, Germany discuss promotion of cooperation in communications, digital transformation
    March 29, 2023
    Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
    Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
    March 29, 2023
    Volatile trading on EGX amid anticipation of interest rate movement
    Volatile trading on EGX amid anticipation of interest rate movement
    March 29, 2023
    Mohamed Nasr El-Din appointed as new CEO of Telecom Egypt
    Mohamed Nasr El-Din appointed as new CEO of Telecom Egypt
    March 29, 2023
  • Politics
    PoliticsShow More
    Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
    Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
    March 29, 2023
    Health Minister, UNODC discuss bilateral cooperation in combating drugs, corruption
    Health Minister, UNODC discuss bilateral cooperation in combating drugs, corruption
    March 29, 2023
    UAE President appoints Khaled bin Mohamed bin Zayed as Crown Prince of Abu Dhabi
    UAE President appoints Khaled bin Mohamed bin Zayed as Crown Prince of Abu Dhabi
    March 29, 2023
    Al-Sisi directs development of imams to keep abreast of contemporary issues
    Al-Sisi directs development of imams to keep abreast of contemporary issues
    March 29, 2023
    Egyptian Health Minister directs accelerating completion of New Heart Institute in El-Shorouk 
    Egyptian Health Minister directs accelerating completion of New Heart Institute in El-Shorouk 
    March 29, 2023
  • Interviews
    InterviewsShow More
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    March 27, 2023
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: We cannot wait another 12 years to increase metro ticket prices: Arafat
Share
Notification
Latest News
Egypt’s IDA gears up to provide its services for investors online
Egypt’s IDA gears up to provide its services for investors online 
Business
Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
Politics World
Egypt. Germany discuss promotion of cooperation in communications, digital transformation
Egypt, Germany discuss promotion of cooperation in communications, digital transformation
Business
Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
Business
Volatile trading on EGX amid anticipation of interest rate movement
Volatile trading on EGX amid anticipation of interest rate movement
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Transport > We cannot wait another 12 years to increase metro ticket prices: Arafat
Transport

We cannot wait another 12 years to increase metro ticket prices: Arafat

Fatma Lotfi
Last updated: 2018/10/20 at 6:11 PM
By Fatma Lotfi 2 Min Read
Share
SHARE

Cairo’s metro tickets are still subsidised, and the government is considering increasing their prices, stated Egypt’s Minister of Transport Hesham Arafat on Friday.

Arafat said in a televised statement that the state still subsidises the ticket so citizens can buy it for EGP 7, while its real cost is EGP 16, hence the state pays the difference.

“We always tell people the truth. We can’t wait another 12 years to increase ticket prices, as we have to maintain the service and prevent any drops [in the system],” the minister declared.

Earlier in May this year, the Ministry of Transport augmented metro fares from a flat rate of EGP 2 to EGP 3 for the first nine stations, EGP 5 for up to 16 stations, and EGP 7 for over 16 stations. The new increases did not affect students, the elderly, and people with special needs.

The tickets were, until two years ago, EGP 1 for an unlimited number of stops, before it was doubled to EGP 2 in July last year.

The increase sparked anger amid Egyptians as it added additional financial burdens to the already high living expenses, following the government’s economic measures implemented in the last two years, including energy subsidy cuts and tax raises, due to a $12bn three-year IMF loan agreement which was signed in 2016.

The Ministry of Transport said it made the decision due to the metro’s considerable losses, as it said that the system’s accumulated loans reached almost EGP 618.6m, in addition to a deficit in maintenance and reparations from 2016 until the current year.

Furthermore, it added that the increase aims to improve the metro, provide people with ‘special’ services, as well as achieve social justice.   

Over three million people use the metro daily, as it is the most affordable means of transportation in the city that low-income people—along with the working and middle class segments in society—depend on.

You Might Also Like

 Zimbabwe embarks on road reconstruction drive to spur economic growth

Egypt, Italy sign cooperation protocol to develop railways systems

SCZone to launch bunkering, marine services within coming months

Transportation Ministry begins establishment of 10 transitway stations

Egypt explores cooperation with Chinese private sector in green transportation

TAGGED: Metro, Prices, ticket
Share this Article
Facebook Twitter Email Print
By Fatma Lotfi
A journalist in DNE's politics section with more than six years of experience in print and digital journalism, focusing on local political issues, terrorism and human rights. She also writes features on women issues and culture.
Previous Article Al-Sisi inspects military airbase, Egypt, Saudi Arabia armed forces finalise Tabuk 4 drills
Next Article Finance ministry provides EGP 6.4bn in urgent allocations for supply, railways, health insurance
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt’s IDA gears up to provide its services for investors online
Egypt’s IDA gears up to provide its services for investors online 
Business
Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
Iranian FM says Tehran, Moscow taking final step toward signing long-term cooperation agreement
Politics World
Egypt. Germany discuss promotion of cooperation in communications, digital transformation
Egypt, Germany discuss promotion of cooperation in communications, digital transformation
Business
Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
Egypt-Australia trade exchange reaches AUD 1bn in FY2022: Ambassador
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?