【3 patti gold online】Egyptian president approves AIIB loan for rail upgrade in Alexandria
CAIRO,3 patti gold online Aug. 29 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi has approved a loan from the Asian Infrastructure Investment Bank (AIIB) to finance an electric metro line in the northern coastal province of Alexandria, according to a presidential decree published in the country's official gazette on Thursday.
Signed between Egypt's Ministry of International Cooperation and the AIIB in July last year, the loan deal worth 250 million euros (about 277 million U.S. dollars) was approved by the Egyptian government in August 2023 and by the House of Representatives in June 2024.
The loan is agreed to be repaid over 18.5 years with a five-year grace period.
According to the agreement, the multilateral development bank will finance a project to upgrade and electrify the existing Abu Qir railway in Alexandria into a highly efficient metro line.
The project, estimated to cost 1.5 billion euros, will be co-financed by the AIIB, the European Bank for Reconstruction and Development, the European Investment Bank, and the French Development Agency.
Editor: Zhang Zhou(责任编辑:娱乐)
- ·Serbia, France ink agreements to promote ties
- ·Visitors experience rich culture and history of Ningxia in Ningxia Museum
- ·9th FOCAC Ministerial Conference held in Beijing
- ·Telegram CEO Durov released on bail, but formally put under investigation
- ·为什么我们爱看喜剧类综艺
- ·月饼市场刮起“简约风”:平价礼盒增多,“迷你装”成新趋势
- ·Ukrainian army confirms F16 crash
- ·Scenery of Golden Horn in Istanbul, Türkiye
- ·Pakistani PM kicks off nationwide special anti
- ·Interview: China's SOEs to drive original innovation, state
- ·Bridge Fire in Southern California explodes over 10 times in size
- ·DR Congo allocates 10 mln USD to fight mpox: president
- ·Kenyan acrobat's lasting bond with China
- ·“生命线”显威演训场
- ·A股海南自贸区、保险板块周四走强
- ·Citizens attracted by scenery of reed in SW China’s Chongqing
- ·Egypt lays foundation stone for 1st green industrial complex
- ·Egypt lays foundation stone for 1st green industrial complex
- ·网友建议地铁拒绝coser,成都地铁回应!
- ·Feature: Foreign journalists feel modernization in southwest China's mega city