Cabinet Approves First Amendment of Grant of Cairo Metro’s First Line

Local Media

The cabinet approved during its weekly meeting on Tuesday, March 14, a draft presidential decree on the first amendment of a grant deal (technical assistance) for the first line of the Cairo Metro.

The amendment focuses on increasing the grant offered by the Shareholder Special Fund of the European Bank for Reconstruction and Development by 351,000 euros to become 3.356 M euros.

The grant aims to contribute to improving several practices, including a program for asset management, safety, and companies’ development.

It will also support infrastructure and social action plans.

The cabinet also approved a presidential draft decree on letters of exchange between the Egyptian and Japanese governments on the financing offered by the Japan International Cooperation Agency (JICA) to support the comprehensive health coverage program in Egypt.

The financing is offered within the framework of amicable ties and economic cooperation between the two countries.

The cabinet also approved a draft presidential decree on a nuclear safety agreement which is a treaty affiliated with the International Atomic Energy Agency regulating safety standards in nuclear power stations in member states of the agreement.

The cabinet also okayed a contract of the Youth and Sports Ministry with Banque Misr on the usufruct licensing of the Hassan Moustafa halls complex in the 6th of October city.

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