EBRD approves €205 mln loan for Cairo Metro upgrade

Egypt’s Transportation Ministry said on Tuesday the European Bank for Reconstruction and Development (EBRD) will provide the Egyptian National Authority for Tunnels a €205 million loan to support the rehabilitation of Cairo Metro.

The loan will finance urgent works on Line 1, the oldest of Cairo underground lines, which remains the backbone of the system and is used by 500 million customers per year.

Investments aims to increase the line’s capacity by 40 percent by reducing headway from 3.5 minutes to 2.5 minutes, thereby improving levels of safety, comfort, and service reliability, the EBRD said in a previous statement.