EGYPTIAN National Railways (ENR) has signed an agreement with the Korean Economic Development Cooperation Fund (EDCF) for a US$251.6 million soft loan to finance upgrades to the signaling system on the 224 km Luxor - High Dam line.
The modernization plans include introducing new passenger cars and locomotives, inspecting old trains, modernizing the signaling system, expanding new lines, enhancing train stations and level crossings, establishing control towers, and installing inspection cameras. The Egyptian government has set the improvement of its railway system as one of its priorities and it plans to invest US$220 billion into it by 2024.
Country updates
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April 22, 2022
Immense interest recieved for Egypt's Nationwide schools PPP project
The Ministry of Finance in Egypt has received immense interest in response to its pre-qualification procurement process for the Nationwide schools' public-private partnership (PPP) concession. The co...
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December 22, 2021
MOU signed for new hopsital PPP in New Administrative Capital of Egypt
The Egyptian government has signed a Memorandum of Understanding with a consortium led by Alameda Healthcare Group to develop a new hospital in the New Administrative Capital (NAC) on Public-Private P...
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November 19, 2021
EBRD to give EUR250 mn loan for Alexandria Metro project
The European Bank for Reconstruction and Development (EBRD) has approved the provision of a sovereign loan to Egypt for financing the Alexandria metro project. The project involves the upgrade of the...
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November 16, 2021
AD Ports Group signs MoU for multipurpose terminal in Safaga
Abu Dhabi Ports Group has signed a Memorandum of Understanding (MoU) with the Egyptian Group for Multipurpose Terminals for the development and operation of a multipurpose terminal in Safaga Port. Un...
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November 04, 2021
OPEC Fund and AIIB to fund infrastructure projects in Egypt
The OPEC Fund for International Development and Asian Infrastructure Investment Bank (AIIB) have signed an agreement with the National Bank of Egypt (NBE) for the US$200 million loan. The aim is to su...
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