1 Day
Source:
المصري اليوم
_1777352142843_145525226.png&w=48&q=75){kind=small}
President Sisi approves Egypt-China agreement
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.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)