Lebanon banking association agrees $1,000 weekly withdrawal cap: Statement    Iran's top leader warns 'thugs' as protests reach 100 cities    Preview: Egypt out to avoid another setback in Comoros clash    Osimhen shines as Nigeria win in Nations Cup qualifiers, Cameroon return to winning ways    Lebanon mired deeper in crisis after Safadi withdrawal    In Photos: Cairo Circus promises impressive shows this season    Bank workers in Lebanon to remain on strike on Monday: Union    Egypt receives new U.S. Ambassador, Jonathan Cohen    Apple Watch detects irregular heartbeats in US study    Nuclear issues will not be on agenda unless U.S. ‘hostile policy' discussed: North Korea    Trump's Ukraine phone call was ‘unusual and inappropriate': Pence aide    Tennis: Federer braced for another next-gen challenge in 2020    Emirates NBD props up Dubai; most Gulf stocks fall    Hong Kong protesters shoot arrows, hurl petrol bombs in campus clash    PM reviews TDA's tourism scheme among Egypt Vision 2030    Egypt to lower subsidised staple food prices in Dec.- minister    Egypt to host the second trilateral meeting over GERD in December    The Jobs with the best and worst heart health according to Bupa study    Egypt's Cabinet reviews Tourism Development Authority plan as part of Egypt Vision 2030    Children are nearing slavery due to digital development: Al-Azhar grand imam    Egypt issues longest-term international bond with maturities of 40 years    Big production Mamalek El-Nar to scan Ottomans' history on Saudi MBC    Bridging East and West: Egyptian musicians Abdallah Abozekry and Ali Baghdady in Paris concerts    Six people killed, 16 injured in fuel pipeline explosion in Behaira    Liverpool's forward Salah out of Egypt games with ankle problem    GERD: An ‘adaptive' agreement    10 tips to have your 30s starting a lifelong success    Nike to investigate its Oregon Project following Mary Cain's NYT op-ed    ‘Shining' sequel ‘Doctor Sleep' targets $25 mln opening, has Stephen King's blessing    Sisi: Egypt believes in comprehensive approach to human rights    Egypt's bourse, banks to close Sunday to mark Prophet Muhammad's birth    Egypt rejects politicised reports on human rights conditions – parliament    Egypt to vote on 3-month extension of state of emergency Monday    Jurgen Klopp gives injury update on Egypt's Mohamed Salah    Al Pacino says follows this mantra on every acting job    Remembering Mustafa Mahmoud, philosopher of his time    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Egypt's train fares to not increase until developing services – minister
Published in Amwal Al Ghad on 22 - 10 - 2019

Egypt is not planning to raise train ticket prices until train services were comprehensively developed, said Transport Minister Kamel El-Wazir on Monday during parliament's Transportation Committee meeting.
El-Wazir added that raises would be coordinated with parliament's Transportation Committee beforehand, and after modernising the services offered, even if the price raises covered only 50 percent of the cost of services.
“The ministry bares almost five times the service cost price in some railway lines,” Al-Wazir said in parliament.
“The ministry is making use of every available resources and will continue to subsidise railway network services,” he added.
Egypt has been implementing a plan to develop the railway network by introducing new rail cars, maintaining some of the existing ones, upgrading railroads, and modernising signalling systems and stations.
The country's railway system has suffered for decades a poor safety record, with frequent deadly collisions often blamed on the lack of maintenance and poor management.
In 2017, President Abdel Fattah al-Sisi urged the need to upgrade the railway network to prevent deadly accidents, stating that the system needs EGP 180 billion (about $10 billion) to be upgraded.
In mid-2018, Egypt's Ministry of Transport announced a project to revamp the national railway network, with 55 billion pounds to be invested till 2022.
In July, the Egyptian National Railways (ENR) said train fare would not increase in the near future following the increase in fuel prices after the government's introduction of the fifth and final tranche of subsidy cuts.
Egypt was the second country in the world to introduce railway services after England. The ENR is responsible for operating rail systems and services that extend to about 9,600 track kilometres.
Source: Ahram Online

Clic here to read the story from its source.