The European Investment Bank (EIB) is providing a total of €2.7 million to support two railway projects in Egypt. Related agreements were signed with the Egyptian National Tunnels Authority (NAT) and the Ministry of International Cooperation.
The first project, the rehabilitation of Cairo Metro Line 2, will receive €1.2 million. Backed by the Economic Resilience Initiative Fund (ERI), it covers technical assistance for the feasibility study and the renovation of the rolling stock.
Also supported by the ERI fund, the second project concerns feasibility study works (including an environmental and social impact study) of the Tanta - El Mansoura - Damietta rail project. It includes the rehabilitation of 118 km of the Tanta - El Mansoura - Damietta railway line, the doubling of the El Mansoura - Damietta section, which currently covers 65 km, and the re-signaling of line and stations. A freight yard and a cargo link to the port of Damietta are also being studied.
The Egyptian government expects this project to improve the safety, availability and reliability of the line crossing the Nile Delta.
Romuald Ngueyap
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Algeria’s upper house approved a law classifying French colonial rule (1830–1962) as a crime. Authorities framed the legislation as a legal and...
Zimbabwe and Zambia signed an MoU for a 311 km rail link to support mining exports. The project could reduce transport distances to Beira port by...
Funding would modernize signaling on Tema–Mpakadan line Upgrade aims to allow simultaneous train movements Project tied to broader push to...
Morocco selected under $226 million USDA program for 2026 Initiative blends farm support with expansion of U.S. exports Could back...
Nosy Iranja is one of the most iconic island destinations in northwestern Madagascar, lying in the Mozambique Channel about an hour and a half by boat...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...