Egyptian president endorses €250M funding by AFD to Abou Kir Metro in Alexandria

CAIRO – 26 April 2023: President Abdel Fatah al-Sisi ratified Wednesday the agreement between Egypt and the French Development Agency (AFD) on financing the establishment of Abou Kir Metro in Alexandria, and that was approved by the House of Representatives on February 13.

The value of funding is €250 million, and will be disbursed in two tranches.

The National Authority for Tunnels announced in May 2021 that works to turn Alexandria's Abou Qir rail line into an underground metro line extending over 21 kilometers would begin early in 2022.  

The project also consists of rehabilitating the railroads, infrastructure, and the signaling and control systems. It will be implemented by the company/consortium that will win the tender invited by the authority. The cost was estimated to be €1.5 billion.

The metro line will include 20 stations as five will be added to 15 existing ones. The new stations are Bab Sharq, Sporting, Miami, Kafr Abdo, and Mohamed Naguib. It is noted that Raml Station will be cancelled, while the other 15 will be turned into underground stations.

Those are Abou Qir, Toson, Maamoura, Al Eslah, Al Mandara, Al Montaza, Al Asafra, Sidi Bishr, Victoria, Gabrielle, Al Souq, Al Zahereya, Sidi Gaber, Al Hadra, and Misr Station.

The line will be affiliated to the National Authority for Tunnels instead of the Egyptian Railway Authority (ERA).