Cabinet signed a EUR205mn loan agreement with the European Bank for Reconstruction and Development (EBRD) to finance the rehabilitation of infrastructure on the Cairo Metro’s Line 1, according to a Cabinet statement. The funds will finance urgent works on Line 1, which is Cairo’s oldest underground line. Investments will increase the line’s capacity by 40% by reducing the time between trains from 3.5 minutes to 2.5 minutes; thereby, improving levels of safety, comfort and service reliability, according to an EBRD statement. The loan is part of a EUR600mn funding agreement, which will be provided by the French Development Agency and the European Investment Bank, for the first phase of the line’s development.