This activity supported a prefeasibility study to determine a preferred PPP option for the upgrading and extension of Cairo's
Heliopolis tram system between Heliopolis at Stadium and New Cairo via Nasr City. The pre-feasibility study assessed the
institutional, financial, and contractual feasibility of PPP options for the development and/or operation of the Heliopolis to New
Cairo tram project, and recommended a PPP option based on operational risk transfer and availability payments (with traffic risk
retained by the contracting authority).