Egypt, Chinese AVIC INTL complete consultations on Cairo Light Rail Transit’s 3rd phase

Egypt, Chinese AVIC INTL complete consultations on Cairo Light Rail Transit’s 3rd phase

Beijing – Qian Rong, Chairperson of the Chinese company AVIC International Holding Corporation (AVIC INTL), which is responsible for carrying out Cairo Light Rail Transit (LRT), stated that the first project implemented by the company in Africa was in Egypt, which is the best evidence of the good relations between the two countries.

The LRT is the first light speed train in Egypt and one of the newest means of transportation in the country. Egypt’s plan for this project is to connect El Salam City (Cairo’s east side) with the New Administrative Capital, through the 10th of Ramadan City.

During a meeting in Beijing, Rong said that the LRT project is being developed at an estimated cost of $1.2bn.

He added that the company is working hard to complete this project as soon as possible.

He told Daily News Egypt that negotiations and consultations with the Egyptian government are almost completed in order to execute the third phase of the LRT but contracts have not been signed, expecting signatures could be done before the year-end.

He commented that the first phase of the project did not face any financial difficulties in getting their dues due to it being paid by Chinese loan, however, the company