【bangalore to sakleshpur】Egyptian president approves AIIB loan for rail upgrade in Alexandria
时间:2024-09-20 16:43:24 出处:热点阅读(143)
CAIRO,bangalore to sakleshpur Aug. 29 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi has approved a loan from the Asian Infrastructure Investment Bank (AIIB) to finance an electric metro line in the northern coastal province of Alexandria, according to a presidential decree published in the country's official gazette on Thursday.
Signed between Egypt's Ministry of International Cooperation and the AIIB in July last year, the loan deal worth 250 million euros (about 277 million U.S. dollars) was approved by the Egyptian government in August 2023 and by the House of Representatives in June 2024.
The loan is agreed to be repaid over 18.5 years with a five-year grace period.
According to the agreement, the multilateral development bank will finance a project to upgrade and electrify the existing Abu Qir railway in Alexandria into a highly efficient metro line.
The project, estimated to cost 1.5 billion euros, will be co-financed by the AIIB, the European Bank for Reconstruction and Development, the European Investment Bank, and the French Development Agency.
Editor: Zhang Zhou猜你喜欢
- Yuping Dong Autonomous County of SW China’s Guizhou: a train passing through early autumn
- 浙江vs梅州首发:5外援PK4外援 莱昂纳多领衔出战
- 仪器药品别乱用!近视防控小心适得其反
- 海牛vs西海岸首发:双方均4外援 宋龙萨里奇先发
- Chinese premier holds talks with Spanish prime minister
- 评价学生运动能力22项国家标准发布
- 费南多租借加盟 上海申花与其“约法三章”
- 600亿“续命钱”,救不了万达广场?
- View of Karst landscape in Guilin, S China