The parliament will decide the new prices of Cairo Metro tickets, the transport minister said.

In statements after signing an agreement on funding the third stage of the third metro line, Saad Geyoushi said the third line tickets will exceed one pound.

Earlier in the day, Geyoushi and International Cooperation Minister Sahar Nasr attended the signing ceremony of the second batch of funding the third phase of the third line of metro.

The second batch is of 200 million euro value of the total 600-million-euro fund offered by the European Investment Bank.

The French Development Agency also earmarked 300 million euros for the project while the European Union contributes by 44 million euros to the project.

The National Authority for Tunnels (NAT) chairman General Tarek Gamal El-Din and the European Investment Bank Head of Cairo Office Christophe Lucet signed the agreement.

The 17.7 km third phase includes the establishment of 15 metro stations in Greater Cairo.

Source: MENA