CAIRO, Aug. 17 (Xinhua) -- The Egyptian government approved on Thursday a loan from the Asian Infrastructure Investment Bank (AIIB) to finance a metro line in the northern coastal province of Alexandria, said the Egyptian cabinet in a statement.
The Beijing-based bank will provide Egypt with 250 million euros (about 272 million U.S. dollars) to fund the Abu Qir metro line in the Egyptian coastal city of Alexandria, based on a deal signed by Egypt's Ministry of International Cooperation and the AIIB in China last month.
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