CAIRO, June 13 — French Finance Minister Bruno Le Maire today signed agreements with Egypt to invest €3.8 billion (RM18.9 billion) in the most populous Arab country’s public transport and renewable energy sectors.
France will finance Egyptian projects with French companies to the tune of €1.8 billion.
The first tranche will be for transport giant Alstom to supply 55 underground trains for Cairo Metro’s Line 1, for a total of €800 million financed by a loan from the Treasury.
The line used by over a million commuters daily has dilapidated carriages that are over three decades old.
Nine other projects are…
