CAIRO: France will provide Egypt €80 million ($90 million) in aid to build a network to connect natural gas to households in poor areas, Egyptian Minister of International Cooperation Sahr Nasr told Youm7 in Washington.
She noted that the agreement will be signed during French President François Hollande’s visit to Cairo scheduled for April 17.
“Several agreements will be signed during French President Francois Hollande’s expected visit to Egypt next week, and include partnership projects between the public and private sectors in fields of electricity and transportation,” Nasr said.
It is scheduled that both sides will sign an agreement per which tramway networks in Alexandria and Cairo’s Heliopolis will be developed, an official from Egyptian Ministry of Transport told Youm7 Thursday.
Both countries will also sign a deal to construct a 17.7-kilometer metro line from Attaba to Imbaba; the third phase of the Cairo Metro’s third line. A soft loan of 900 million Euros provided by the French Development Agency and the European Investment Bank will fund the project.
Hollande participated in the inauguration ceremony of the new Suez Canal on Aug. 6 as an “honorary guest.”
The relations between both countries have recently been enhanced, particularly in the military field; In June 2015, the Egyptian navy received a European multipurpose frigate from a shipyard in Lorient, western France, weighing 6,000 tons measuring 142 meters long. In January, the Egyptian air fleet received six out of 24 Rafale fighter jets per a $5.9-billion deal signed in February between both countries.
Egypt will receive two Mistral helicopter Carriers from France in June and September, an anonymous source told AFP on Feb. 6, 2016.