Egypt’s President Sisi Approves 100 Billion Yen Loan for Cairo Metro Expansion ...Egypt

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Egypt’s President Sisi Approves 100 Billion Yen Loan for Cairo Metro Expansion
Egypt and Japan officially signed an agreement for a 100 billion Japanese Yen loan to fund the first phase of the Cairo Metro Line 4. The agreement was published in the Official Gazette as Presidential Decision No. 325 of 2023. Provided by the Japan International Cooperation Agency (JICA), the project is expected to begin construction in 2024 and be completed by 2028. The first 20 kilometers of Line 4 will connect Nasr City with the New Administrative Capital. The loan will also be used to purchase new trains and upgrade existing infrastructure. The new metro line is expected to improve transportation in Cairo and reduce traffic congestion, providing a more affordable and convenient way for

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