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Wednesday, 1 February 2017

National Tunnels Authority looking to raise EGP 1.2 bn for 64 new metro trains

The National Authority of Tunnels is looking to raise EGP 1.2 bn to buy 64 new metro trains for the third and fourth phases of the third metro line in Cairo, Al Shorouk reported. The additional USD 635 mn needed for the purchase will come in the form of a loan through the agreement with France’s Alstom and Korea’s Rotem, which will supply the trains.

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