The Transport Ministry will this month make a decision on Mitsubishi’s offer to supply 23 trains for Metro Line 4, the local press reports, citing unnamed sources. The EGP 300 mn bid submitted by the Japanese conglomerate at the beginning of the year would be part-financed by a USD 1.2 bn loan from the Japanese International Cooperation Agency, which is being used to construct the line. Line 4 will extend over 19 km and 17 stations from Sixth of October City through to El Malek El Saleh station on Line 1 to Amr bin Al-Aas station, linking Cairo, Giza and Sixth of October.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Iran war throws wrench in Egypt’s IPO momentum
Issuers are likely to wait until markets allow them to…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…