The European Bank for Reconstruction and Development (EBRD) has approved the loan to finance the rehabilitation of the 2nd Metro Line in Cairo, Egypt.
The sovereign loan is valued at EUR250 million (US$295.4 million) and will be used to finance the upgrade of the existing rolling stock fleet and purchase of new rolling stock. The project will be co-financed with the European Investment Bank (EIB) and the Egyptian government with a total investment package of approximately EUR550 million (US$649.85 million).
The project involves the upgrade of Cairo Metro Line II with the aim of replacing and developing signaling, safety, power, control, and electromechanical systems and civil works as well as boosting the line’s overall capacity by around 50%.
Country updates
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August 05, 2021
EBRD to finance Alexandria Metro project in Egypt
European Bank for Reconstruction and Development (EBRD) is considering to provide a EUR250 million (US$296.86 million) loan to the Arab Republic of Egypt for the upgrade and electrification of an...
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June 30, 2021
Egypt to launch tender for dry port PPP in Ramadan city
Ministry of Finance in Egypt has announced plans to launch tendering process for the development of a dry port and logistics center located in 10th Ramadan city. After successfully signing the contra...
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February 24, 2021
EBRD supports dry port development in Egypt
European Bank for Reconstruction and Development (EBRD) has announced EUR 1 million (US$ 1.21 million) support for project preparation and procurement process of a dry port and logistics cen...
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January 13, 2021
EIB supports transportation projects in Egypt
The European Investment Bank (EIB) and the Arab Republic of Egypt have signed a EUR 1.12 billion (US$ 1.38 billion) agreement to support investments in the rehabilitation and expan...
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November 20, 2020
Tender in planning for Heliopolis - New Cairo Tramway PPP project in Egypt
The Cairo Transport Authority has planned the tender phase for the Heliopolis - New Cairo Tramway PPP project in Egypt. This project is a proposed public-private partnership (PPP) project t...
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