New Cairo and 6th of October City are brand new subdivisions built to hold millions by 2020 and hold major headquarters currently housed in Cairo. These planned cities are still under construction but are already home to large industrial areas and several universities. Most recently, the Egyptian government has proposed the construction of an entirely new capital city. However, reports show that these tactics have had limited success and a different approach is necessary in order to alleviate the impact of many urban problems. The greater metropolitan area of Cairo is notorious for its extreme levels of traffic congestion. The World Bank reports at least 1,000 deaths annually as a result of traffic related accidents, half of which are pedestrians. While an additional 4,000 Cairenes are injured from car accidents. Other urban areas, such as New York City, report less than 300 fatalities yearly from motor vehicle accidents. The traffic has grown to be damaging not only to public safety, but also economic growth. With an average traffic speed less than 10 kilometers per hour and an average commute time at 37 minutes, the congestion has grown to limit the city's productivity and efficiency. This has had significant economic effects, costing the country $8 billion annually, equivalent to almost 4% of Egypt's gross domestic product (GDP), resulting from lost work hours, wasted fuel, and the environmental impacts of those additional emissions. The high number of cars on the road is the result of many factors such as government subsidies on fuel, limited public transportation options, and enhanced credit opportunities from banks. In 2012, The Central Agency for Public Mobilization and Statistics (CAPMAS) reported 2.07 million licensed vehicles in Cairo. Attempts to reduce traffic congestion have increased in the last several years. Many government workers and urban planning experts believe in developing more efficient public transportation systems as a means to mitigate the effects of private cars. The Cairo Metro currently only runs three lines for the city's 7 million people. Christian Bauriedel, a professor at the American University in Cairo claims that the addition of 10 to 15 new metro lines and 200 new bus lanes has the potential to reduce traffic by 40%. A fourth line is scheduled to be built by 2019, however work has yet to begin. Another proposed solution has been the creation of pedestrian tunnels underneath the city to ensure citizen's safety while crossing roads. On March 13, 2015, Housing Minister Mostafa Madbouly announced Egypt's plans for a $45 billion project constructing a new capital city just east of Cairo. The new city, which is currently unnamed, is estimated to take only five to seven years to complete and house up to seven million people.