The Asia Infrastructure Investment Bank Co-Finances Alexandria’s New Metro System – Silk Road Briefing ...Middle East

The Asian Infrastructure Investment Bank (AIIB) is part of a consortium that is financing the €1.3 billion construction of a new regional metro system in Alexandria, on Egypt’s Mediterranean coast. The project, spanning 21.7 km and connecting downtown Alexandria to the northeastern town of Abu Qir through 20 stations, marks a crucial milestone as the first modernization effort for the city’s transportation infrastructure. Other lenders include the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and L’Agence française de développement (AFD). Egypt’s Orascom Construction, in collaboration with France’s Colas Rail, has secured an Engineering, Proc

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