EUR 360 mn loan from EBRD for Cairo Metro Line 1 to be signed within a month

Egypt will sign an agreement with the European Bank for Reconstruction and Development (EBRD) for a EUR 360 mn loan to back an overhaul of Cairo Metro Line 1 within a month, Transport Minister Hisham Arafat tells Al Mal. Line 1 is in need of a nearly EUR 1 bn overhaul, the minister had said last week.