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Soft Loans JAPAN extended concessional loans to Egypt in order to assist Egypt to implement large-scale economic infrastructure projects such as Al-Dekheila Integrated Steel Mill and the Suez Canal Expansion Project. Since 1991, Japan has stopped extending new loans because of the debt rescheduling for Egypt, but new three candidate projects were formally applied for the government of Egypt to Japan in 1999.

Cairo, Egypt [RenewableEnergyAccess.com] Japan Bank for International Cooperation (JBIC) will loan 10,665 million yen [USD $90,000] to the Arab Republic of Egypt for materials, equipment and consulting necessary for the construction of a 150 MW integrated solar combined cycle power plant in the Kuraymat district, which is about 100 km south of Cairo.

The opening ceremony of Egypt-Japan University of Science and Technology (E-JUST) of JICA's leading projects in Egypt was held in June 3rd, 2010. It was attended by Dr. Ahmed Nazif, President of Japan International Cooperation Agency (JICA), Mrs. Sadako Ogata, Minister of Higher Education, Dr. Hani Helal, Minister of International Cooperation, Mrs.

The Japanese Government granted Egypt a LE300 million loan to complete the last phase of the Grand Egyptian Museum (GEM) in a deal signed Thursday, according to Antiquities Minister Zahi Hawass. During the signing of the deal with Japan International Cooperation Agency (JICA), Hawass said that construction work would begin in mid November and is scheduled to be completed by March 2015.

1. On March 30, 2010, JICA (President: Sadako Ogata) signed an agreement with the government of the Arab Republic of Egypt for a Japanese ODA loan up to 38.864 billion yen for the Gulf of El Zayt Wind Power Plant Project. 2.

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