Japan’s JICA to secure second tranche of Cairo Metro $340mn loan soon

Japan International Cooperation Agency (JICA) will secure second the second tranche for the $340 million financing to complete the first phase of Cairo Metro Project’s fourth line.

This comes after Egyptian Minister of International Cooperation Sahar Nasr had met Friday with the Shinichi Yamanaka – Director General of JICA in the Middle East and Europe, on the sidelines of the World Bank Spring Meetings in Washington, D.C.

The first phase of line 4 would be executed in the distance between Remaya square up to El-Malek El-Saleh station of line no.1 (16 stations, about 17 kilometers),  while line4 will meet the route of line2 in Giza station for the service exchange between the two lines .

The project includes a function of mass public transportation for reducing dependency on road traffic, expects 1 million 350 thousand users a day in the first year, 1.87 million users in 2027, and 2.5 million users in 2050, and it is expected to largely contribute to the reduction of the traffic congestion in Greater Cairo Region.

In Cairo, where many tourists visit every year, this project is attracting much attention as a “Tourism” line which connects the center of Cairo and the pyramid district in 30 minutes or less.