Who is the developer of Monorail Tower New Capital?

The company that owns Monorail Tower New Capital is ERG

Fully finished apartments 80m for sale in Monorail Tower New Capital

Reference: NS 47355

EGP 6,804,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 6,804,000

Fully finished apartments 80m for sale in Monorail Tower New Capital

Reference:

NS 47355

Price:

EGP 6,804,000 Installment

Price / Sqm:

EGP 85,050 Per Sqm

Finishing Status:

Super Lux

Area:

80 sqm

Delivery In:

2026

Listed:

Mon 22 May 2023

About Monorail Tower New Capital

Apartment for Sale in Monorail Tower - New Capital By ERG - Delivery Year 2026

Egypt's new administrative capital city, located east of Cairo, is set to receive a new monorail system. The project is being developed by the Egyptian Armed Forces' Engineering Authority in collaboration with a consortium of Chinese companies.

The monorail system will span around 54 km and will connect the new administrative capital's districts with other major cities in the region, including Cairo and 6th of October City. The new transport system is expected to ease traffic congestion and provide a quick and efficient mode of transport for the city's inhabitants.

The monorail will feature an elevated track that will run along the city's major thoroughfares, starting from the Cairo-Ismailia desert road, continuing through the central district, and ending at the new capital's international airport. The project will also include the construction of 21 stations, including two underground stations at the airport and an interchange station with the Cairo Metro.

According to the project's developers, the monorail system will be capable of transporting up to 45,000 passengers per hour in both directions. The trains will travel at speeds of up to 80 km/h, reducing travel time between the cities by up to 50%.

The monorail system is part of a wider plan to expand public transport infrastructure in Egypt, which is still heavily reliant on private cars and buses. The country's rapid population growth and urbanization have put a significant strain on its transport networks.

The new monorail system is a positive development for Egypt's new administrative capital, which is designed to be a sustainable and modern city. The project is expected to support the city's economic development and attract new investment, making it an attractive destination for businesses and residents alike.

Overall, the Monorail Tower New Capital Egypt is a significant investment that is expected to transform transport in the region, improving the lives of residents, easing congestion and aiding further growth and development in Egypt.

MLS Realty
+201200070979