The government will repay the €1.88 billion loan for the “New Administrative Capital – October 6” monorail project over a period of up to 12 years.
And added that the amount will be paid in favor of the loan providers, represented by “JP morgan Europe limited”, “JP Morgan Chase NA” London Branch, and other financial institutions, after the expiry of a grace period of 5 years from the time of the start of disbursement.
In exchange for construction work, the Ministry of Transport disbursed 280 million euros to the “The Arab Contractors – Orascom Construction – Alstom” consortium, which implements Monorail.
The ministry distributed 90 million euros to Alstom, the third partner in the alliance, following its acquisition of Bombardier, while the Arab Contractors and Orascom companies got the remaining 190 million euros.