Second phase of Grand Egyptian Museum finalized in March

Egypt State Information Service

Minister of Culture Farouq Hosni said the Grand Egyptian Museum near the Cairo-Alexandria desert road is being carried out on 117 feddans and is expected to be the biggest in the world.

The second phase includes a center for renovating antiquities, a warehouse, an electricity station and a fire station, in addition to a number of buildings, said Hosni.

He added that the project costs 550 million US dollars including 100 million in self-finance and 300 million dollars as a Japanese soft loan to be repaid after a 20-year grace period, in addition to 150 million collected from donations and local and international contributions.