Egypt plans to raise prices of metro and train tickets: transport minister

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Egypt plans to raise prices of metro and train tickets: transport minister

STORY: Egypt plans to raise prices of metro and train tickets: transport minister DATELINE: July 26, 2022 LENGTH: 00:01:03 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of metro stations in Egypt STORYLINE: Egyptian Transport Ministry plans to raise the prices of metro and train tickets, Kamel Al-Wazir, the minister of transport, announced on Sunday, following the increase in the fuel prices. The plan is scheduled to be presented to the cabinet and parliament for approval in the near future. Al-Wazir noted that there are no other option rather than to raise the prices after the increase of debts totaling 88 billion pounds to banks and 5 billion to the Ministry of Petroleum. The increase approved by the Ministry of Transport was the fourth of its kind during a six-year period, which began in 2017 when the ministry decided to raise the ticket from EGP 1 (about 0.05 U.S. dollars) to EGP 2 for all lines. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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