Presidential Decree Approves FDA Loan Agreement to Finance Alex-Abu Qir Metro Project
President Abdel Fattah El-Sisi issued a Republican decree no. 531 of 2022 approving an agreement between Egypt and the French Development Agency regarding a loan of EUR 250 million euros in two tranches. The loan deal stipulates carrying out the Alexandria-Abu Qir metro construction project.
In February, the House of Representatives approved the presidential decree no. 531 of 2022, on this agreement.The cost of the Abu Qir-Burg al-Arab metro project is about YS$1.5 billion.
To be launched next October, the first phase of the project includes the construction of a train overhaul workshop, while the speed of the trains is set to be 80 kilometers per hour, from Abu Qir to the Misr station, at a length of about 22 k.m.
It will have 18 surface stations: Abu Qir, Toson, al-Mamoura, al-Salah, al-Montazah, Mandara, al-Asafra, Miami, Sidi Bishr, Victoria, al-Souk, al-Dhahiriya, Sidi Gaber, Sporting, al-Hadra, Gabriel, Bab Sharq, and Misr Station,
The second phase will start from the Misr station to al-Max area, a a length of about eight km, while the third and final phase completes the path from the al-Max area to the end of the line in the Borg al-Arab area, at a length of about 15.5 km.
It connects all parts of the city of Alexandria, from Abu Qir in the east to Borg al-Arab in the west. The project aims to reduce traffic congestion in the streets of the coastal city, and extends at a length of 43k.m.
