The Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) with the Government of the Arab Republic of Egypt on September 24 for the “Cairo Metro Line IV Phase 1 (IV)” project. The L/A was signed by Mr. Carmel Elwazir, Deputy Prime Minister of the Arab Republic of Egypt and Minister of Industry and Transport, and Mr. Yo Ebisawa, Director of JICA Egypt Office. A summary of the project is as follows
Signing Ceremony
Project Summary
Cairo Metro Line 4 Phase I Improvement Project (IV)
Greater Cairo Metro Line No. 4 Phase 1 Project (IV)
Country (Region)
Arab Republic of Egypt (Southwest Greater Cairo Metropolitan Area)
Business Objectives
This project will construct a subway railway in the southwestern part of the Greater Cairo metropolitan area (between 6th of October City (El Ashghar station) and downtown Cairo (El Fustat)) to meet the increasing traffic demand and alleviate the worsening traffic congestion, thereby contributing to the country’s economic development.
Business
Construction work, electrical and mechanical equipment maintenance, signal and communication equipment maintenance, vehicle procurement, consulting services, etc.
Loan amount (maximum) 100 billion yen
Interest Rates
0.75% (0.75%)
Redemption period
40 years (including 10 years of deferment)
Procurement Conditions
Japan Tide
Implementing Agency
Ministry of Transport Tunnel Authority
Contribution to the achievement of the SDGs
Goal 9 (Create a foundation for industry and innovation)
Goal 11 (Create a community where people can continue to live)
Goal 13 (take concrete action on climate change)
Schedule for future project implementation (tentative)
Scheduled completion date of the project: March 2030 (the project will be completed when the operation starts)
- consulting services: contracted
-
international competitive bidding for the first package for the main body of work: contracted
＜STEP>
The yen loan is subject to Japanese technology utilization conditions (STEP) (see note), and Japanese systems and vehicles will be installed in the subways to be constructed under the project.
(Note) Abbreviation for Special Terms for Economic Partnership. Terms and conditions for the provision of yen loans established to promote Japan’s “face-to-face assistance” through the transfer of technology to developing countries utilizing Japan’s superior technology and know-how. The main contractor is Japan Tide and the subcontractor is General Untied. The main contractor must be either a Japanese company, a subsidiary of a Japanese company located overseas, or a joint venture (JV; the Japanese company is the lead partner) between a Japanese company and the borrowing country. Under certain conditions, a JV between a Japanese company and an equity-method affiliate of the Japanese company (with the Japanese company as the lead partner) can also be the lead contractor.
© Source JICA
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