Capital Metro Company (CAMCO)
Capital Metro Company (CAMCO):
It all started in Paris about 120 years ago, with our parent company RATP. The first metro line crossed the French capital. It was opened for the Paris world fair on July 19, 1900, after less than eighteen months of construction, an impressive feat. The foundation of RATP Dev in 2002 was a watershed moment.
The goal was to develop, operate and maintain new transportation systems in France, Europe, and around the world. RATP Dev operates and maintains urban transportation systems in 12 countries on four continents. RATP Dev leverages across the world, the technical expertise and experience of RATP Group, the leader in driverless metro and tramway operations, and the operator of the Paris multimodal network.
In the year 1979, the government started to consolidate the concept of public transport in the Kingdom of Saudi Arabia by establishing the Saudi Public Transport Company (SAPTCO) as a joint-stock company to provide public transport services by bus via the road network within and between cities. Accordingly, SAPTCO signed a contract with the Ministry of Transport to be the first national land carrier in the Kingdom.
The initial capital of the company was 1,000 million SAR which increased in 2007 to 1,250 million SAR. Furthermore, the company's fleet consists of 4000 vehicles of various types and specifications with the latest technologies and vehicle tracking systems.
A limited liability company owned by SAPTCO (20%) and RATP Dev (80%) was established to undertake the operation and maintenance of the Riyadh Metro project for the first and second tracks of the six lines of the Riyadh Metro Project of the Royal Commission for Riyadh.