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Hyundai Rotem offers financing solution for Cairo Metro projects

line5Hyundai Rotem has presented the Egyptian Transport Ministry an offer for financing the acquisition of the 64 new trains for Cairo Metro Line 3.

The financing proposal was discussed during a meeting between Egyptian Minister of Transport Galal Al Saeed and Yoon Soon-Gu, South Korean ambassador to Cairo, focused on increasing bilateral cooperation between the two countries in tunneling, metro, railway, and port projects. The proposal will further be analysed and evaluated by an international consultant and Egypt’s National Authority for Tunnels (NAT).

The Korean side also proposed financing for Cairo Metro Line 5 project and the development of the signalling system on Nag Hammadi – Cairo (Luxor) rail line.

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