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Financial protocol signed between Egypt, France to back Phase1 of Cairo Metro - Daily News Egypt

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Financial protocol signed between Egypt, France to back Phase1 of Cairo Metro

A 280 million euro financial protocol was recently signed between Egypt and France to back Phase-1 of Cairo Metro third line project, according to reports by the national newspaper Al Ahram. The phase extends for 4.3 kilometer length served by 5 underground stations. The loan is for repayment over 24 years including 6 years grace …


A 280 million euro financial protocol was recently signed between Egypt and France to back Phase-1 of Cairo Metro third line project, according to reports by the national newspaper Al Ahram.

The phase extends for 4.3 kilometer length served by 5 underground stations. The loan is for repayment over 24 years including 6 years grace and bears an annual interest of 0.2 percent.

Weeks earlier a consortium of French and Egyptian companies were declared winners for the different packages of that phase. Pending is still the package for the rolling stock.

Topics: FJP

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https://www.dailynewsegypt.com/2007/05/06/financial-protocol-signed-between-egypt-france-to-back-phase1-of-cairo-metro/
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