Cairo – Mubasher: The European Investment Bank (EIB) plans to finance the monorail project set to be established in the New Administrative Capital, according to a statement released by Egypt’s ministry of transportation on Wednesday.
The finance will be provided in collaboration with the European Bank for Reconstruction and Development (EBRD) and UK Export Finance, the statement added.
As for upgrading the Cairo Metro’s second line, EIB will provide the required finance for the feasibility study amounting to EUR 1.2 million after signing the cooperation agreement with the Egyptian government.
