Egyptian cabinet revealed that Ministry of Finance, New Urban Communities Authority, National Investment Bank, National Authority for Tunnels, and Administrative Capital for Urban Development Company will establish together a joint-stock company to build, manage, operate, and maintain the new monorails in the New Administrative Capital and 6th of October city.

The company will be established under the name United Company for Establishment, Management, Operation, and Maintenance of Metro Lines and Rail Transport in accordance with the provisions of the Law on Joint-Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies, and Investment Law.

2020 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.