€605m DFI-backed loan for Cairo Metro upgrade

In:

Social infrastructure

Region:

Middle East & Africa

The European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB) and Agence Francaise de Developpement (AFD) have signed loans to help finance the rehabilitation of the Cairo Metro. The EBRD is providing €205 million, the EIB €350 million, and Agence Française de Développement €50 million. The funds will finance urgent works on Line 1 - the oldest of the Cairo underground lines.

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