Republican decision approving a loan facility agreement for 1.88 billion euros


10:31 AM

Thursday 15 April 2021

Books – Muhammad Nassar:

The Official Gazette published in its issue issued today, Thursday, Presidential Decision No. 642 of 2020 regarding approval of a term loan facility agreement between the National Authority for Tunnels, GBMorgan Europe Limited and GBMorgan Chase NA London Branch and other financial institutions (20,553,630,885,1 €) , Signed on August 13, 2020.

The loan is allocated to finance the operation of the Monorail train in the New Administrative Capital, which starts from Nasr City to the Administrative Capital, and the Monorail train in 6th of October City, which starts from 6th of October City in Cairo, and their operation and maintenance for a period of 15 years.

The House of Representatives approved this decision in its session held on December 15, 2020.

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