EIB funds Cairo Metro line 3 by €600M

The European Investment Bank (EIB) financed the third line project for the Cairo metro by €600 million, according to the EIB Vice-President, Gelsomina Vigliotti.

 

Vigliotti clarified that the third line project for the Cairo metro works to transport millions of people daily, in addition to providing a faster and more sustainable means of transportation that helps reduce traffic congestion in the capital.

 

The project is also funded by the French Agency for Development (AFD) at a value of €300 million, and a grant support of €43 million from the European Union, according to a statement by the bank on sunday.

 

Earlier on Sunday, Vice President of the European Investment Bank, Gelsomina Viglioti, participated with the Egyptian government and international financial institutions in the official opening of the electric train, Adly Mansour Central Station, the largest interchange station in the Middle East, and the electric train (Al-Salam - 10th of Ramadan - the Administrative Capital).

 

Vigliotti explained that the third line of the Cairo Metro is a model for sustainable transportation in global cities that will improve access to jobs and education, reduce pollution and reduce carbon emissions.