Egypt and Japan formally signed an arrangement for a 100 billion Japanese Yen loan to money the very first stage of the Cairo Metro Line 4. The arrangement was released in the Official Gazette as Presidential Decision No. 325 of 2023.
Supplied by the Japan International Cooperation Agency (JICA), the task is anticipated to start building and construction in 2024 and be finished by 2028. The very first 20 kilometers of Line 4 will link Nasr City with the New Administrative Capital.
The loan will likewise be utilized to acquire brand-new trains and update existing facilities. The brand-new city line is anticipated to enhance transport in Cairo and lower traffic jam, offering a more inexpensive and hassle-free method for individuals to circumnavigate the city.
The arrangement was at first signed on December 26, 2023. The contract included the Egyptian Ministries of Transport and International Cooperation, the Japanese Embassy, and the Japan International Cooperation Agency (JICA).
The building and construction of Cairo Metro Line 4 is including a number of popular Egyptian economic sector business. A joint endeavor led by Arab Contractors Company, along with Concord, Petrojet, and Hassan Allam Construction, has actually been granted the agreement for civil deal with the western section of the city line’s very first stage.