Egypt secures $1.2bn loan for Cairo metro
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Egypt secures $1.2bn loan for Cairo metro

Egypt secures $1.2bn loan for Cairo metro

Egypt's government has agreed €940m ($1.2bn) worth of loans with the French Development Agency and the European Investment Bank to help fund an extension to Cairo's third Metro line, Ahram has reported. This comes after the French government last week pledged €300m for the underground line. Cairo's third metro line will stretch 43.5km from Cairo airport to Imbaba in Giza.

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