{"id":623329,"date":"2018-10-28T03:50:36","date_gmt":"2018-10-28T03:50:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail\/"},"modified":"2018-10-28T03:50:36","modified_gmt":"2018-10-28T03:50:36","slug":"egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail\/","title":{"rendered":"Egypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam City rail"},"content":{"rendered":"

Egypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam rail: <\/strong>Egypt will sign next month a USD 1.2 bn loan agreement with the Export-Import Bank of China to build an electric rail line linking Salam City with Tenth of Ramadan City and the new administrative capital, Transport Minister Hisham Arafat said yesterday, Al Shorouk reports<\/a>. Work on the project is set to start in early 2019 and is expected to take two years to complete, the minister added. President Abdel Fattah El Sisi had signed an MoU for the loan last year<\/a> during a visit to China. China Exim had agreed then to cover the project\u2019s full cost<\/a> after it was set to provide only USD 739 mn.<\/p>\n

Egypt, China sign three MoUs in education, agriculture, antiquities: <\/strong>This came as Egypt and China signed an MoU yesterday for a USD 11.5 mn grant to finance the first two phases of a joint distance learning project between the Investment Ministry and the China International Development Cooperation Agency, according to a Cabinet statement<\/a>. The two sides also signed agreements on cooperation in agricultural investments and the preservation of antiquities during Chinese Vice President Wang Qishan\u2019s visit to Cairo. Wang and his delegation also sat down<\/a> with El Sisi and a number of state ministers.<\/p>\n

Egypt-China relations are being increasingly prioritized by the leaderships of both countries: <\/strong>Frequent and repeated high profile visits by heads of state and other officials between Egypt and China signals the growing importance of the relationship to leaderships of both countries, Xinhua notes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam rail: Egypt will sign next month a USD 1.2 bn loan agreement with the Export-Import Bank of China to build an electric rail line linking Salam City with Tenth of Ramadan City and the new administrative capital, Transport Minister Hisham Arafat said […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9285],"tags":[116,7106,2398,73,72,132,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623329","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-china","tag-debt","tag-diplomacy-foreign-trade","tag-education","tag-enterpriseam","tag-trade","tag-transport","wpautop","entry"],"acf":{"mongo_id":"04e05986-7f4f-4938-8b84-a3d0095e9da9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[623309],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam City rail - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam City rail\" \/>\n<meta property=\"og:description\" content=\"Egypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam rail: Egypt will sign next month a USD 1.2 bn loan agreement with the Export-Import Bank of China to build an electric rail line linking Salam City with Tenth of Ramadan City and the new administrative capital, Transport Minister Hisham Arafat said […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-28T03:50:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam City rail\",\"datePublished\":\"2018-10-28T03:50:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail\/\"},\"wordCount\":268,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"China\",\"debt\",\"Diplomacy + Foreign Trade\",\"Education\",\"EnterpriseAM\",\"trade\",\"transport\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-to-sign-usd-1-2-bn-loan-agreement-next-month-for-10-ramadan-salam-city-rail\/\",\"name\":\"Egypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam City rail - 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The new 67 km line will link Salam City with 10th\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631551,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/nat-to-ink-usd-1-2-bn-loan-agreement-for-10-ramadan-salam-train-next-month\/","url_meta":{"origin":623329,"position":1},"title":"NAT to ink USD 1.2 bn loan agreement for 10 Ramadan-Salam train next month","author":"enterpriseam admin","date":"21 March 2018","format":false,"excerpt":"The National Authority for Tunnels (NAT) will sign next month a USD 1.2 bn loan agreement with the Export-Import Bank of China to build an electric rail line linking Salam City with Tenth of Ramadan City and the new administrative capital, the authority\u2019s planning chief Tarek Abul Wafa tells Al\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595374,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/egypt-to-receive-first-tranche-of-usd-1-2-bn-exim-loan-for-railway-project-this-month\/","url_meta":{"origin":623329,"position":2},"title":"Egypt to receive first tranche of USD 1.2 bn Exim loan for railway project this month","author":"enterpriseam admin","date":"24 September 2019","format":false,"excerpt":"Is the electric railway getting the first tranche of China Exim Bank\u2019s USD 1.2 bn loan this month? 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