No firm details on financing, timeframe to build Egypt's massive new capital east of Cairo

March 20, 2015 6:42 PM

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No firm details on financing, timeframe to build Egypt's massive new capital east of Cairo

FILE - In this Saturday, March 13, 2015 file photo, a model of a planned new capital for Egypt is on display at an economic conference in Sharm el-Sheikh, Egypt. It's a monumental, ambitious project: An eco-friendly city the size of Singapore in the desert outside Cairo to serve as a new capital, with skyscrapers and a park more than twice the size of New York's Central Park. But urban planners and real estate experts say the plans remain a mystery and are skeptical it can or should be done. (AP Photo/Hassan Ammar, File) (The Associated Press)

FILE - In this Saturday, March 14, 2015 file photo, a model of a planned new capital for Egypt is on display at an economic conference in Sharm el-Sheikh, Egypt. It's a monumental, ambitious project: An eco-friendly city the size of Singapore in the desert outside Cairo to serve as a new capital, wi...

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