News

Japan lends Egypt $306m towards cost of Line 4 of Cairo’s metro

Cairo metro sign (Robert Paul Van Beets/Dreamstime)
Japan International Cooperation Agency (JICA) has agreed a loan worth up to $306m to fund part of Line 4 of the Cairo metro.

The money will go towards the first phase of the scheme, an 19km route that will run between the city centre and the pyramids of Giza and the Grand Egyptian Museum.

As part of the official development assistance loan, which has a 40-year repayment period, Japanese systems and trains will be used.

The line is due to open to the public by February 2028. Tenders for initial construction and consulting have already been issued.

In November 2020, it was announced that a joint venture between Egyptian contractor Orascom and the Mitsubishi Corporation had signed an $800m contract with Egypt’s National Authority for Tunnels to work on the first phase.

Further Reading:

Story for GCR? Get in touch via email: [email protected]

Latest articles in News