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Egypt approves €250M loan for Alexandria metro project

The Official Gazette published President Abdel-Fattah El-Sisi’s Decree No. 531 of 2022 regarding the approval of an agreement between Egypt and the French Development Agency (AFD) regarding a loan of €250 million in two tranches for the “Alexandria-Abu Qir” metro construction project. The project aims to enhance transportation in Egypt, and in light of the implementation of the urban transport plan in Alexandria Governorate, the project will work to improve the level of line service and provide an effective and comprehensive means of transportation in the governorate.

Link: https://www.egypttoday.com/Article/3/123967/Egypt-approves-€250M-loan-for-Alexandria-metro-project

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