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Wednesday, 9 November 2016

Transportation Ministry inks third phase of Cairo Metro Line 3 agreement

The Transportation Ministry has signed an agreement with the ETF – Orascom Consortium for the third phase of the Cairo Metro Line 3 project, Amwal Al Ghad reported. The agreement is valued at EGP 180 mn plus EUR 60 mn. Additionally, the project is also funded by a EUR 300 mn loan from the French Development Agency, and a EUR 600 mn loan from the European Investment Bank. The third phase stretches 15 stations between Ataba and Boulak El Dakrour.

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