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المصري اليوم
المصري اليوم
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President Abdel Fattah El-Sisi has approved a concessional loan agreement worth 1.4659 billion Chinese Yuan (approximately 220 million US dollars) from China to finance the third phase of the 10th of Ramadan railway project. The loan includes a maturity period of up to 20 years, a grace period of up to 5 years, and an annual interest rate of 2%. It is guaranteed by the Egyptian Ministry of Finance. The project will commence immediately after the completion of constitutional procedures and is scheduled to last for three years.
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