The fourth segment of financing loans agreed to the first phase of the line 4.
The Egyptian government has signed a loan agreement with the Japanese International Cooperation Agency (JICA), which confirms a fourth segment of financing for the first stage of the Cairo Metro 4 of Yin 100 billion (663.4 million dollars).
The agreement was signed on September 21 by Camille, the Minister of Industry and Transport in Egypt, and Akira Ebessawa, Director of the Jika office in Egypt.
The first phase of 19 km from Hadayek El Ashgar lasts on October 6 to El Fustat in central Cairo, serving 17 of which will be 16 of which will be underground and one on the surface. It will provide exchange with Line 1 in El Malek El Saleh and with line 2 in Giza.
The first stage aims to reduce traffic congestion and support tourism by linking Middle Cairo to archaeological sites in Giza. The new metro line is expected to carry 1.5 million passengers per day when it opens in March 2030.
The interest rate of the JICA loan is 0.75 % annually, with a 40 -year payment period and a 10 -year grace period. Fine 4 project is delivered by the National Authority for Tunnels (NAT), with purchases linked to Japanese suppliers under the special conditions for the economic partnership (step) that applies to the loan.
NAT has given the Mitsubishi Corporation (MC) and Kinki Shayo a 40 billion contract to provide 184 metro cars for the first stage, while MC and its partner in Consortium Orascom ConsTruance provides railway systems, track and pathways.
The second phase of the Font 4 project for 31.8 km from El Fustat will be operated through NASR to El Rehab, where 21 stations are served six of them and 15 underground. The exchange with the 6 line will be provided at the Sayeda Aisha.
The third stage of Hadayek El Ashgar extends to El Hosary Square on October 6.
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