Egypt borrows $1.2bn from China to fund electric train project

[beijingwalker]

China lends Egypt $1.2bn for railway to new capital
21 January 2019 | By GCR staff

China has signed a deal to lend Egypt $1.2bn for the construction of a 68km electric railway running from the outskirts of Cairo to the planned New Administrative Capital in the desert to the east of the capital.

The new railway will link the 10th of Ramadan City outside Cairo to the new capital, taking in El Salam and other new cities.

The loan from China Exim Bank, signed on 16 January, comprises $739m at an interest rate of 1.8% for infrastructure, and $461m with a 2% interest rate for the trains, reported Daily News Egypt.

The loan is to be repaid over 15 years, with a five-year grace period. An initial agreement for the loan was signed in September 2018 during the visit of President Abdel Fatah El-Sisi to China.

Officials said there would be 11 stations, and that the speed of the trains would reach 120km/h.

http://www.globalconstructionreview.com/news/china-lends-egypt-12bn-railway-new-capital/

 

[Super Falcon]

Egypt is borrowing more than it can swalow

 

[TaiShang]

That's a good, long-term investment in infrastructure.

Hopefully China will take part in the construction, as well.

 

[SubWater]

That's a good, long-term investment in infrastructure.

Hopefully China will take part in the construction, as well.

That is not long term investment.
This is Satanic policy to destroy independence of countries.
countries like Pakistan and Egypt are too naive to do not see Chinese long imperial ambitions.

 

[beijingwalker]

That is not long term investment.
This is Satanic policy to destroy independence of countries.
countries like Pakistan and Egypt are too naive to do not see Chinese long imperial ambitions.

For decades China was the biggest borrower of IMF and China also borrow big from US and Japan, cause the old Chinese saying tell us is you want to make money you have to first spend money. China was not born with this much of money in the first place.

 

[TaiShang]

That is not long term investment.
This is Satanic policy to destroy independence of countries.
countries like Pakistan and Egypt are too naive to do not see Chinese long imperial ambitions.

Then build with your own money, or do not build at all.

China will find other more deserving places to earn from its ForEx reserves, which happen to exceed 3 trillion USD.

 

[SubWater]

Then build with your own money, or do not build at all.

China will find other more deserving places to earn from its ForEx reserves, which happen to exceed 3 trillion USD.

we build own, but pay back our own oil money first by your almighty ForEx reserves.

 

[beijingwalker]

we build own, but pay back our own oil money first by your almighty ForEx reserves.

Does China own Iran money? Source please.

 

[SubWater]

Does China own Iran money? Source please.

we are selling oil and in response we get Chinese goods and services mainly because of sanctions which china like to follow USA.

 

[beijingwalker]

we are selling oil and in response we get Chinese goods and services mainly because of sanctions which china like to follow USA.

China didn't follow US to sanction Iran and helped you many times in UNSC, if you don't want to sell us oil, just stop selling, as the world biggest oil importer, China doesn't only have to buy from Iran.

China is the big wild card in Trump's Iran decision

by Matt Egan @MattEganCNNMay 8, 2018: 11:39 PM ET

China, a voracious consumer of oil, holds great sway because it's Iran's biggest customer. Almost one-third of Iranian oil shipments this year have gone to China, according to energy research firm Genscape.
https://money.cnn.com/2018/05/08/investing/china-iran-deal-oil-prices/index.html

 

[SubWater]

China didn't follow US to sanction Iran and helped you many time in UNSC, if you don't want to sell us oil, just stop selling, as the world biggest oil exporter, China doesn't only have to buy from Iran.

You follow US, I hope Iran stop selling oil to you but I don't have power to make decision.
you are same as Americans in my mind, and In reality Russians and Turks are more honest than you.
I don't condemn you, China is doing what is think right for itself. You are sovereign country and at these case you have leverage on Iran.
this topic is about Egypt from china point of view I think you are doing well by buying west Asia and north Africa countries sovereignty BUT I am guy from MENA region and these acts are too much imperialistic in roots like American acts. You want to make military Naval bases in Pakistan and Egypt and all of this Investments are bullshit.

 

[beijingwalker]

You follow US, I hope Iran stop selling oil to you .

LOL, actually Iran is going around asking others to buy its oil, not the other way around, try to convince your government stop selling to China and see who will suffer, you don't seem to understand common sense honestly.

 

[oprih]

Nice, i bet the turks are hurt, their muslim brothers chose to do business with China rather than the leader of the islamic world turkey.

Btw that one random iranian guy seems to bark against China more than usual these days. The american prostitutes are getting diverse these days.

 

[The SC]

The Electric train will pay its loan and interests on its own and generate profit in the meantime.. these are smart loans for both signing sides..

 

[lonelyman]

Nice, i bet the turks are hurt, their muslim brothers chose to do business with China rather than the leader of the islamic world turkey.

Btw that one random iranian guy seems to bark against China more than usual these days. The american prostitutes are getting diverse these days.

He is a false flagged Turk