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FINANCIAL NEWS
Japan’s JICA to loan Egypt USD392m for developing metro line
20 Mar 2012
(MENAFN) The Egyptian Planning and International Cooperation Minister, Faiza Abu El-Naga, announced that the country would get a USD392 loan from the Japan International Cooperation Agency (JICA) for the purpose of developing a metro line, reported Reuters.
The minister said that this loan would be the first installment in a USD1.28 billion loan provided by JICA.
It is worth mentioning that the new line would be Cairo’s fourth and would have a total estimated cost of USD2.49 billion.
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