China’s EximBank to disburse first tranche of NAC light railway loan within a month

China’s Export-Import Bank (EximBank) will disburse within a month USD 105 mn tranche from the USD 1.2 bnit agreed on with Egypt for the construction of a light railway running between Egypt’s new administrative capital and 10th of Ramadan city, Al Mal reports. The funds will cover a portion of the cost of the project’s civic works.