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France Backs Up to 3.8 Billion Euros in Financing for Egypt

Construction at the Maspero station of the Cairo Metro's third line, in Cairo, Egypt on Nov. 22, 2020.

Construction at the Maspero station of the Cairo Metro's third line, in Cairo, Egypt on Nov. 22, 2020.

Photographer: Khaled Desouki/AFP/Getty Images

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France announced plans to facilitate as much as 3.8 billion euros ($4.6 billion) in financing for Egypt, some of which will fund expansions to Cairo’s metro system by the European nation’s train maker Alstom SA.