Cabinet endorses EIB’s Cairo Metro Line 2 loan deal
Egyptian Cabinet has approved an European Investment Bank (EIB) soft loan deal to finance the purchase of 13 metro trains to improve services on line 2 of Cairo Metro. Earlier in October 2015, EIB inked a EUR75mn (USD85.1mn) soft loan deal with Egypt’s National Authority for Tunnels for the purchase of additional rolling stock to improve services on line 2 of Cairo metro, to alleviate traffic congestion and promote public transport in urban greater Cairo. The project consists of the manufacturing and supply of 13 metro trains, each 8 cars long, for operation on line 2 of the metro of Cairo. (Amwal Al Ghad)
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