UPDATE 1-Egypt indicators 1.7 bln euros of financing presents with France

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CAIRO, June 13 (Reuters) – Egypt has signed 1.7 billion euros ($2.06 billion) worth of presents with France to finance initiatives in the transportation, infrastructure, electricity and wholesale sectors, the cabinet talked about on Sunday.

Of that financing, 776 million euros will come from the French government and 990 million euros from AFD, France’s building agency, the cabinet talked about.

The signings got here for the period of a lag to by French finance minister Bruno Le Maire to Cairo.

In Might maybe additionally, France launched a 4 billion euro deal to tell 30 Dassault warplanes to Egypt starting up in 2024, strengthening ties with what it considers an most important accomplice in combating Islamist militants.

Projects launched on Sunday by the cabinet consist of sanitation stations as successfully as a sequence of railway initiatives, alongside side the provision of 55 fresh autos for the Cairo metro’s oldest line and the building of a railway line between Aswan in southern Egypt and Wadi Halfa in neighbouring Sudan.

AFD will present 150 million euros in give a boost to of Egypt’s well-liked health insurance protection programme, the cabinet talked about. ($1 = 0.8260 euros)