MobilityTHE LOOP
Live LOOP

Cairo pilot

A 59-mile concept is investable only as a staged pilot.

Complement high-capacity rail on medium-demand, high-value corridors — then scale only after Cairo-specific proof.

Conceptual LOOP station hall with electric vehicles

Network

59 mi

≈95 km · 23 stations

Workbook CAPEX

$1.437B

≈$24M per mile, before Cairo risk

TBM crews

3

2027–2034

Base-case margin

51%

EGP 760.5M LOOP EBITDA

Four corridors

Heritage and the airport are bored together from 2027 and finish in 2029, mile by mile. East Cairo follows in 2030–2032. The Business Loop is last, 2033–2034.

Heritage Loop

$343M

14 mi · 7 stations

Boring 2027–2029, with the airport

Giza · GEM · Zamalek · Tahrir · Citadel

Airport Internal

$155M

6 mi · 5 stations

Boring 2027–2029, with heritage

T1 · T2 · T3 · Cargo · Hotels

East Cairo Express

$513M

21 mi · 5 stations

Next, 2030–2032

Airport · Heliopolis · New Cairo · NAC

Business Loop

$426M

18 mi · 6 stations

Last, 2033–2034

Smart Village · Zayed · October · Maadi · New Cairo

Share of $1.44B

  • Heritage Loop23.9%
  • Airport Internal10.8%
  • East Cairo Express35.7%
  • Business Loop29.6%

30 km operating case

  • Daily riders90k
  • Average fareEGP 30
  • RevenueEGP 1485.5M
  • OPEXEGP 725M
  • EBITDAEGP 760.5M

Capital stack

  • Total CAPEXEGP 30B
  • Equity 25%EGP 7.5B
  • Debt 75%EGP 22.5B
  • Annual debt serviceEGP 1.88B
  • DSCR, supported5.18×
  • DSCR, project-only0.4×

Project EBITDA alone does not cover modeled debt. Do not use the 105% workbook IRR.

Four risks, five gates

Demand

Independent demand study; phased capacity; no blanket MRG.

Geotechnical

Boreholes, utility survey, settlement model, crossing protocol.

FX / financing

Localize spend; hedge; EGP revenue-linked debt.

Regulatory / EIA

NAT engagement, EEAA scoping, emergency certification.

  1. 01

    Corridor

    Demand, interchange and land.

  2. 02

    Ground

    Geotech, utilities and settlement.

  3. 03

    Design

    30% design, safety and EIA scope.

  4. 04

    Commercial

    Tender, financing and risk allocation.

  5. 05

    Operate

    Throughput, reliability and economics.

Ask

Next 180 days

Issue the decree. Authorize the Cairo proof.

  • 0–45 daysNominate the sponsor and the opening pair
  • 45–120 daysProve demand and ground
  • 120–180 daysDefine the investable pilot