Transport Minister meets with EIB, AFD to discuss funding for transport projects

Transport Minister Hisham Arafat met yesterday with a delegation from the European Investment Bank (EIB) and the French Development Agency (AFD) to discuss additional funding packages for Egypt’s transport projects, according to Al Mal. The two institutions, along with the European Bank for Reconstruction (EBRD), have already committed to offering a EUR 600 mn loan for the infrastructure of Cairo Metro Line 1 as well as a separate EUR 237 mn loanagreement to finance the Alexandria tram project.