AIIB approves Egyptian metro loan

In:

Infrastructure

Region:

Middle East & Africa

By Max Thompson

The AIIB has approved a €250 million ($265 million) loan for the Alexandria Metro project in Egypt. Three consortia are prequalified for the project – which has a total estimated cost of €1.6 billion ($1.9 billion) – with bids due to be evaluated in March this year. At least...

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