Cairo – Mubasher: The Egyptian cabinet announced the establishment of a new joint venture (JV) to manage, operate, and maintain the new monorail lines in the New Administrative Capital and 6th of October City.

The JV will be created by the Ministry of Finance, New Urban Communities Authority (NUCA), National Investment Bank, National Authority for Tunnels (NAT), and Administrative Capital For Urban Development (ACUD), according to a cabinet statement on Thursday.