Egypt signs 15-year contract with French metro line operator RATP Dev

Egypt signs 15-year contract with French metro line operator RATP Dev
People queue to get on a train at a metro station in the Egyptian capital, Cairo. (File/AFP)
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Updated 01 September 2020

Egypt signs 15-year contract with French metro line operator RATP Dev

Egypt signs 15-year contract with French metro line operator RATP Dev
  • The new $1.4bn contract aims to alleviate the pressure on the metro
  • Over 3 million commuters use the Cairo metro every day

CAIROS: Egypt on Tuesday signed a 15-year, billion-euro contract with French transport operator RATP Dev to manage Cairo's third metro line, the transport ministry said.
The government has sought to expand the run-down network in recent years to ease the burden on the traffic-choked streets of the capital, home to more than 20 million people.
In 2012 its third metro line went into operation, stretching 47 kilometres (29 miles) from east to west.
The new 1.1 billion-euro ($1.4-billion) contract between RATP Dev and the National Tunnels Authority aims "to alleviate the pressure on the Egyptian Company for the Management and Operation of the metro, which is in charge of the first and second lines," the transport ministry said.
Over three million commuters use the Cairo metro every day, but the metro company has been grappling with heavy losses and debts for years.
The government has hiked fares several times in recent years to generate funds for upkeep of the three-decade-old network.
In August, authorities raised the metro tickets covering up to nine stops from three to five Egyptian pounds ($0.32).
The fare for up to 16 stops now costs seven pounds ($0.44).
A third of Egyptians live below the poverty line.


Saudi telecom operators slapped with $10.67m in fines

Saudi telecom operators slapped with $10.67m in fines
Updated 16 January 2021

Saudi telecom operators slapped with $10.67m in fines

Saudi telecom operators slapped with $10.67m in fines

The Communications and Information Technology Commission (CITC) imposed more than SR40 million ($10.67 million) fines on a number of Saudi telecom operators due to committing violations to the telecommunications law.

The penalties targeted the following operators; stc, Etihad Etisalat Co. (Mobily), Mobile Telecommunication Company Saudi Arabia (Zain KSA), and Etihad Jawraa Telecommunications and Information Technology Company (Lebara Mobile KSA).

STC was fined SR31.4 million, Mobily was handed a fine of SR1.2 million, Zain KSA (SR996,000), and Lebara Mobile (SR366,000). Other operators were fined SR6.16 million.

The violations include making promotional offers in violation of CITC’s decisions, using frequencies without licenses, failing to comply with the CITC’s decisions with regard to a number of user complaints, using violating SIMs, failing to provide CITC with information required within the specified deadlines.

Other violations include causing damage to public telecommunications networks by cutting off a communication cable, sending Spam messages, and providing SMS service without obtaining a license.