Egypt’s transportation minister announced on Monday a new increase in train fares as of next month, angering locals already struggling under worsening socioeconomic conditions in the country. "We are in a predicament," Minister Kamel al-Wazir said in a television interview, adding that the decision still needed parliament approval. He said his ministry owed banks 88 billion Egyptian pounds ($4,641,546,008) and about 5 billion pounds ($263,721,425) to the Ministry of Petroleum. As of 1 August, metro fares will see an increase of 1 Egyptian pound he explained, adding that even if train ticket prices were to increase by 2, 3 or even 5 pounds, they would still be cheaper
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