Egypt thumbs up $733M loan from JICA to finance Cairo Metro Line 4
Updated 7/6/2023 9:12:00 AM
Arab Finance: The Egyptian cabinet has approved a $733 million loan from the Japanese International Corporation Agency (JICA) to finance the first phase of Cairo Metro Line 4, according to a statement on July 5th.
It is worth noting that Japan and Egypt signed a JPY 1 billion (over $700 million) financing package as the third tranche to fund the Cairo Metro Line 4 – Phase 1 back in April.
Extending over 19 kilometers with 16 stations, Phase 1 of the Cairo Metro Line 4 will connect Greater Cairo to 6th of October City, passing by the Grand Egyptian Museum.
On December 27th, the Ministry of International Cooperation and the Ministry of Transport signed a ¥41 billion agreement with JICA for the second tranche of the soft development finance to fund the implementation of the first phase of Cairo Metro’s fourth line.
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