Who is the developer of Monorail Tower New Capital?

The company that owns Monorail Tower New Capital is ERG

Clinic prime location for sale in Monorail Tower New Capital

Reference: NS 69426

EGP 3,377,750

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 3,377,750

Clinic prime location for sale in Monorail Tower New Capital

Reference:

NS 69426

Price:

EGP 3,377,750 Installment

Finishing Status:

Super Lux

Building Area:

59 sqm

Year Built:

Listed:

Wed 29 Mar 2023

About Monorail Tower New Capital

Clinics for Sale in Monorail Tower - New Capital By ERG

The Monorail Tower is one of the most talked-about upcoming development projects in Egypt's New Administrative Capital (NAC). The project has been in the offing for a while, and it is now set to take off, providing the much-needed solutions to the transportation challenges that NAC has been grappling with.

The monorail project is expected to revolutionize transportation within and beyond the boundaries of the New Capital. The project is ambitious, and it comprises of a 54km-long route, which will connect East Cairo and the New Administrative Capital. This ambitious project is expected to provide an efficient and fast mode of transportation, which will undoubtedly speed up economic growth in NAC.

The project's construction is set to commence in 2022, with the main works set to take up to approximately 36 months. When complete, the Monorail Tower is expected to transport approximately 45,000 passengers per hour in the first passenger line. This figure will eventually increase to 60,000 passengers per hour within five years.

The route will start from Cairo's Stadium metro station and end in the New Administrative Capital. The line will have six stations, including the Sports City, fairgrounds, residential district, diplomatic district, exhibition city, and the business district.

One of the most significant features of the Monorail Tower project is its eco-friendliness, with the route being fully electrified, reducing carbon emission in the New Capital. Additionally, the monorail is expected to reduce the use of cars and, in turn, the congestion that has been affecting the New Capital's roads.

Apart from solving the transportation challenges in the New Capital, the Monorail Tower project is going to have a tangible impact on Egypt's economy. The project is expected to provide job opportunities for thousands of Egyptians, contributing significantly to the country's economic growth.

The Monorail Tower project is also set to improve the real estate sector in the New Capital, boosting property prices in the region, as it will significantly improve the area's accessibility. The project would attract both local and foreign investors to the New Capital, leading to robust real estate development in the city.

In conclusion, the Monorail Tower project is set to provide the much-needed solutions to the transportation challenges that the New Capital has been experiencing. Once completed, the Monorail Tower project will revolutionize transportation in the New Capital, making it easy for people to move around while also providing job opportunities and improving the economy. The eco-friendliness of the project is also commendable, as it will have a positive impact on the environment. The Monorail Tower project is a significant step towards making the New Capital an ideal city to live in.

MLS Realty
+201200070979