CAIRO: The Ministry of Electricity has filed a lawsuit against the Metro Company demanding payment of 39 million EGP ($4.9 million,) the price of three lines’ power consumption, Youm7 reported Sunday.
The head of the company, Ali Fadaly confirmed the incident in statements to Youm7, adding that the national electricity company “has raised the price of one Kilowatt to double the fixed price/month agreed upon in a previous agreement signed between the Metro Company and the ministry.”
“The Metro pays more than 5 million EGP to the electricity company each month, despite monthly losses estimated at 20.5 million EGP burdening the authority due to the variation between the ticket fees and price offered,” Fadaly explained.
Last week, the Minister of Transport Saad el-Geoushy said that the “development of Cairo Metro requires increasing ticket prices amid major deficits,” in interview with Youm7.
A metro ticket costs 1 EGP ($0.13) it is a unified price that can take a passenger through one station up to dozens, connecting Greater Cairo over more than 80 kilometers.
The metro is a cheap and fast mean of transport that is used by millions of passengers every day. There are some 48 trains on the first metro line (traveling 522 trips,) 31 on the second (traveling 664 trips) and nine on the third (with 530 trips,) all according to winter schedule provided by the Transport Ministry.
On Thursday, the ministry also urged citizens not to escape from paying the ticket fees, as escaping is adding to the current deficit problem.
Additional reporting by Reda Hebeishy