Construction works for a new terminal at Borg El Arab International Airport in Alexandria are set to begin this year, with a target completion date of within four years, Civil Aviation Minister Sherif Fathy said, according to Al Shorouk. Work on the new terminal was initially slated for July 2016 and will be funded through a JPY 26.4 bn (USD 234.6 mn) credit facility from the Japanese International Cooperation Agency (JICA). The facility carries a long-term maturity of over 40 years, and a 0.1% interest rate. Two Japanese companies are set to provide consultancy work. Separately, Fathy said the launching the tender to develop infrastructure for 2.8 mn sqm of the Airport City project in Cairo will be postponed. No company applied as utilities to the project’s site were not provided.

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