Cairo – Mubasher: Egypt’s Cabinet approved the presidential decree approving a funding agreement with the International Bank for Reconstruction and Development (IBRD).
The EUR 362.9 loan agreement, signed on 28 April, will finance the Alexandria-Cairo-Nagaa Hamadi railway development project, according to a statement on Wednesday.
The Cabinet also approved a Canadian funding of CAD 4.500 million to support women in establishing commercial and agricultural projects in Upper Egypt.
