Egypt's Mwasalat Misr launches bus fleets in new cities

The mass transport provider will operate and maintain some 110 buses in six cities including Shorouk City, Badr, Al Obour, Sheikh Zayed, Tenth of Ramadan, and Sixth of October

  
A view of a highway next to housing that is being demolished to make way for construction work on a ring road in the district of Maadi, in the Egyptian capital Cairo, Egypt July 5, 2021.

A view of a highway next to housing that is being demolished to make way for construction work on a ring road in the district of Maadi, in the Egyptian capital Cairo, Egypt July 5, 2021.

REUTERS/Amr Abdallah Dalsh
 

Egypt - Mwasalat Misr will take charge of bus fleets in new cities under a 15-year contract with the New Urban Communities Authority, Al Mal News cited deputy general manager Mohsen Sabra.

Under the deal, the mass transport provider will operate and maintain some 110 buses in six cities including Shorouk City, Badr, Al Obour, Sheikh Zayed, Tenth of Ramadan, and Sixth of October.

It is expected to invest some EGP 1.5 billion in running the new routes and financing a fleet expansion.

Mwasalt, which is majority-owned by Emirates National Group, previously operated fewer lines between cities including Sixth of October and Sheikh Zayed under short-term agreements.

 

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. 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.

More From North Africa