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Egypt approves $200m Chinese concessional loan for light rail expansion
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Egypt approves $200m Chinese concessional loan for light rail expansion
Egyptian President Abdel-Fattah al-Sisi has approved an agreement for a Chinese concessional loan worth nearly 1.47 billion yuan (about 204 million U.S. dollars) to support the expansion of Egypt's light rail network, reported Xinhua. According to Presidential Decree No. 652 published in the official gazette on Thursday, the Egyptian president approved the framework agreement signed between Egypt and China to finance the third phase of the Light…
·Helsinki, Finland
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