Egypt: The EU Bank supports urban transport ...Middle East

european union - Economy
source : european union ( Middle East ) () 15
The EIB and the Arab Republic of Egypt have signed a EUR 1.128 billion agreement to support investments in the rehabilitation and expansion of metro and tram systems in Alexandria and Cairo. The EIB financing will contribute to increase the availability and improve the quality of public transport systems in the two cities where 30-35% of the country's population live and work. This new operation is in line with the EU Bank’s climate action objectives and comes in support of the government’s national priorities.

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