The National Authority for Tunnels (NAT) will sign before mid-January a USD 1.2 bn low-interest loan agreement with the Export-Import Bank of China (China Exim) to fund the East Cairo electric rail line, according to a Transport Ministry statement. The new 67 km line will link Salam City with 10th of Ramadan City and the new administrative capital. China Exim had agreed in 2017 to cover the full cost of the project, after it was set to provide only USD 739 mn.

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