Egypt to invest EGP3.5bln into Cairo 4th metro line construction during FY2020/21
Egypt plans to invest 3.5 billion Egyptian pounds during FY2020/2021 on the construction works of the first phase of the fourth metro line.
The line will pass beneath the Grand Egyptian Museum (GEM) as it connects 6th of October City western Cairo to central and eastern Cairo. The line consists of two phases; one encompasses 17 stations while the other has 20, according to the National Agency for Tunnels (NAT).
The total cost of the first phase’s construction is 70 billion pounds, and will be executed by a coalition of Japanese and Egyptian companies given JICA granted Egypt a $1.2-billion soft loan in January.