The European Investment Bank (EIB) has proposed €750 million in financing to support rebuilding and adding metro stations, as well as removal of all at-grade intersections of the current Abu Qir – Alexandria line. The project covers the rehabilitation and upgrade of the obsolete and underused 21.7 km line, 16 km of which is elevated. A depot will be constructed, and new signalling, telecommunication and control systems will be installed. The project also includes the procurement of new rolling stock to operate the upgraded line. It is expected that the line will transport 60,000 passengers per hour and direction after all works are completed in 2028.
