Egypt signs €776.9m deal with Alstom for 55 rail carriages

The Egyptian government has signed an agreement with France for manufacturing and supply of 55 air-conditioned rail carriages for the First Line of Cairo Metro for €776.9 million, the Arab country said in a statement according to Arab Finance.
Alstom also per the contract will also ensure the maintenance over eight years, supply of equipment to maintenance workshops.
The Egyptian government will contribute €58.4 million to the deal and will pay the loan over 40 years including a 15-year grace period and 25-year payment plan with an interest of 0.0092%.
The Cairo Metro’s sixth line will start from Al-Khosous to New Maadi. It will span over 35 kilometers and include 27 stations.

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