Transport Minister Hisham Arafat met with a delegation from the European Investment Bank to talk funding packages for Egypt’s transport projects, including a EUR 380 mn loan for the development of Cairo Metro Line 1, Al Mal reports. The loan comes as part of a EUR 600 mn agreement from the EIB, the European Bank for Reconstruction and Development and the French Development Agency. Total investments in developing the country’s rail network are expected to reach EGP 220 bn by 2030, according to a Cabinet statement. Arafat also met with a delegation of the German-based SAP SE. on Thursday to discuss the implementation of smart technologyin railway and port operations management, Al Masry Al Youm reports.

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