ICEC

Egypt approves loan to import 32 trains for underground metro

The cabinet approved on Thursday a presidential draft bill for a loan to import 32 trains, as part of the plan needed to launch the third and fourth phases of the third line of the underground metro.

Worth 243 million Euros, the loan will be funded by South Korea.

The new phases link the far east and west of Cairo, serving 1.5 million people daily across some of the city’s high density neighborhoods.

source: Ahram Online

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