French trains for Cairo underground

17-12-2014 09:11 PM

Mary Fikry


France will contribute to financing the third and fourth phases of the Cairo Metro Line 3 project. Egyptian Minister of International. An agreement has been signed with the Egyptian government by which the French government will give Egypt a soft loan of EUR 344 million to be repaid over a period of 53 years with a grace period of 20 years and an annual interest rate of 0.1 per cent.
The French financing accounts for 50 per cent of the total cost of the third and fourth phases of the project.

Watani International
17 December 2014

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