Who is the developer of Monorail Tower New Capital?

The company that owns Monorail Tower New Capital is ERG

Shop 67m for sale in Monorail Tower New Capital

Reference: NS 71738

EGP 21,275,678

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 21,275,678

Shop 67m for sale in Monorail Tower New Capital

Reference:

NS 71738

Price:

EGP 21,275,678 Installment

Price / Sqm:

EGP 317,547 Per Sqm

Store Type:

Other

Finishing Status:

Core & Shell

Area:

67 sqm

Year Built:

Listed:

Mon 22 May 2023

About Monorail Tower New Capital

Shop for Sale in Monorail Tower - New Capital By ERG

Egypt’s new administrative capital has seen tremendous development in recent years as the government aims to boost infrastructure and the economy. One of the latest additions to the new capital is the Monorail Tower, which will revolutionize transport in the city.

The Monorail Tower, which is currently under construction, will be the first of its kind in Egypt. It will connect the new administrative capital with Greater Cairo, spanning a distance of 54 kilometers. The project, which is being led by the Egyptian Armed Forces Engineering Authority and the Ministry of Transport, is expected to be completed by 2023.

The Monorail Tower will have two stations; one in the new capital and the other in Adly Mansour Station in Cairo’s Nasr City district. The monorail will have a total of 33 carriages with the capacity to carry up to 48,000 passengers per hour in each direction. The cabins will be air-conditioned and equipped with Wi-Fi, charging sockets, and CCTV cameras for security.

The project is part of Egypt’s larger plan to improve infrastructure and transportation in the country. It will not only facilitate transportation for commuters but also reduce traffic congestion and pollution. The Monorail Tower will provide a faster and more efficient way to travel between Cairo and the new capital, which is expected to house millions of residents and thousands of government employees.

Additionally, the project is expected to create employment opportunities and boost economic development in the regions surrounding the Monorail Tower stations. It will also contribute to attracting more investors and businesses to the new capital, further promoting economic growth.

The construction of the Monorail Tower is a testament to Egypt’s commitment to modernizing its transportation infrastructure and improving the quality of life for its citizens. As the country continues to develop and progress, the Monorail Tower will be a crucial element in easing travel between the new capital and Cairo, ultimately benefiting Egypt’s economy and people.

MLS Realty
+201200070979