Central bank governor Hisham Ramez told Reuters that banks sold investment certificates to finance the project, which is aimed at boosting trade between Europe and Asia.
The five-year certificates have a 12% interest rate and pay quarterly dividends.
National Bank of Egypt, Banque Misr, Banque Du Caire and Suez Canal Bank were the sellers.
Certificates were also issued in US dollars with a 5.3%
