Egypt’s House of Representatives approved on Tuesday a grant agreement for technical assistance between Egypt and the European Bank for Reconstruction and Development (EBRD) in renovating the first line of the Cairo Metro. The project agreement, worth €3,005 million, was signed by the two parties back in October. MP Wahed Qorqor, representing Parliament’s plan and budget committee, confirmed that the project time has been reduced from six to four years, in light of leadership directives to shorten project implementation periods. According to a report issued by the committee, the development and modernization of the first line of the metro represents a real challenge to the Transport Ministry
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