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FinancialNews


  • 20-03-12

    Japan's JICA to loan Egypt USD392m for developing metro line

    (MENAFN) The Egyptian Planning and International Cooperation Minister, Faiza Abu El-Naga, announced that the country would get a USD392 loan from the Japan International Cooperation Agency (JICA) for the purpose of developing a metro line, reported Reuters. The minister said that this loan would be the first installment in a USD1.28 billion loan provided by JICA. It is worth mentioning that the new line would be Cairo's fourth and would have a total estimated cost of USD2.49 billion.

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