JICA prepared to disburse second tranche of USD 1.2 bn loan for Cairo Metro Line 4
The Japanese International Cooperation Agency (JICA) is prepared to disburse the second tranche of its USD 1.2 bn loan to finance construction of the Cairo Metro Line 4, a source close to the matter tells Al Borsa. JICA is in talks with the National Railway Authority (NRA) to disburse the second payment once the NRA reaches final agreements for its current supply tenders. The disbursal is also contingent on the NRA spending the remainder of the first JPY 32.7 bn (USD 291.5 mn) tranche, which the authority received in 2012. The size of the second tranche was not disclosed.