Cairo Metro Line 3 extension gets French loan
Published: Mon, 2014-12-22 14:12Egypt Minister of International Cooperation and French Ambassador in Cairo signed a €344 million worth loan agreement from the French government to fund the extension of Cairo Metro Line 3.
Half the value of the stated loan will come via the French treasury and be repayable over 53 years with a 20 year grace period. The other part, worth 172 million Euros will be repayable in credit installments to the French Kofax Authority.
When complete, Cairo’s third metro line will stretch 43.5 kilometers from Cairo airport to Imbaba in Giza. The third phase of the line will be18 km in length and includes 15 stations.
Source: Mena Rail Post