Transport minister probes development of railway sector with EIB, AFD

CAIRO - 3 October 2018: Minister of Transport Hisham Arafat probed on Wednesday means to develop railways, Cairo underground metro and Alexandria tram with delegations from the European Investment Bank (EIB) and French Development Agency (AFD).

In statements, Arafat asserted that his ministry attaches great importance to the development of the first line of underground metro, pointing out that the EIB will provide 350 million euros and AFD will provide 50 million euros to the project.

The minister said the development of Alexandria tram will cost 235 million euros as part of a plan to develop the Mediterranean city's transportation system.

He added that the 118km-long Tanta-Mansoura-Damietta railway line will be developed at costs estimated at 150 million euros.