Egypt gets €2.7mln EIB support for railway projects
Wednesday, 12 February 2020 09:45
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
Live News
-
U.S. Seeks Morocco Fertilizer Supply Amid Middle East Disruptions
05:59
-
Atlantic Lithium Targets $16.4 Million Raise for Ghana Lithium Project
05:58
-
Gabon Plans Data Center to Improve Timber Traceability
02:53
-
Gabon Plans Digital Data Center to Improve Timber Traceability
02:45
-
World’s first pre-commercial grid-connected wave energy farm launches in Mauritius
20:19
-
Cameroon’s Labogexp Wins BEAC Contracts for New Regional Branch Projects
19:09
-
Cameroon Waives Duties on Solar, Water, and Biomass Equipment to Spur Investment
19:07
-
Cameroon Customs launches mobile device duty system to recover lost revenue
19:03
-
BEAC to Cover IPO Costs for Four Firms to Revive Cemac Stock Market
18:47
-
Togo raises cement quality requirements to improve market standards
17:55
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
The United States is exploring Morocco as an alternative fertilizer supplier amid Middle East disruptions. About 22% of U.S. fertilizer imports,...
Atlantic Lithium secured agreements to raise $16.4 million to fund development of the Ewoyaa lithium project in Ghana. Ghanaian investors could...
System to enable tree-level traceability from forest to export Reform targets data gaps, fraud risks, and weak sector oversight Gabon's government...
Seaturns launches 2 MW wave energy pilot in Mauritius Project tests grid-connected technology with potential expansion to 10 MW Initiative reflects...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...