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Japan to finance Cairo's fourth metro line
A new wave of borrowing will help fund the latest expansion to the capital's underground system
Ahram Online Published in Ahram Online on 18 - 03 - 2012

A Japanese development agency will sign a deal with the Egyptian government to provide borrowing for Cairo's fourth metro line, according to an official statement.
The Japan International Cooperation Agency (JICA), an independent governmental agency that coordinates official development assistance,will ink the deal at Egypt's Cabinet office in downtown Cairo on Monday. Financing will be given in Japanese Yen.
Signing the deal will be Sadako Ogata, President of JICA, Minister of Transport, Galal Mostafa Said and Fayza Abul Naga, Minister of Planning and International Cooperation. Norihiro Okuda, the Ambassador of Japan in Egypt, will also be in attendance.
The new underground line will connect central Cairo with Giza, spanning 17 kilometres and comprising 16 stations. It forms part of an wide-reaching plan to reduce the capital's chronic traffic congestion.
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