Egypt & EBRD signed US$ 10.3 million agreement to boost private sector investment in infrastructure
The Egyptian Ministry of Finance has signed a EUR 10 million (US$ 10.3 million) agreement with the European Bank for Reconstruction and Development (EBRD) to establish the “Egypt Account”, a dedicated fund to finance feasibility studies and consultancy services for public-private partnership (PPP) projects.
This initiative seeks to enhance private sector involvement in infrastructure development and accelerate investment in key projects. The fund enables concurrent feasibility studies and project tenders, streamlining the PPP process and expanding investment opportunities. Additionally, it will significantly reduce the time required to secure feasibility study funding from development partners, cutting the approval period from one year to just two months.
Country updates
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June 17, 2024
Egis won management role on 22 km Alexandria metro line
Egis has won a contract to lead Project Implementation Unit (PIU) Support, Contract Management, and Construction Supervision Consulting services for the metro line extending from Abo Qir to Misr Stati...
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May 23, 2024
Phase 3 of Metro Line becomes operational in Egypt
The Egyptian Ministry of Transport has started the trial operation of the Cairo Metro Line 3 extension (phase 3C) with passengers providing transport connections between Kit Kat and Cairo University.
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September 07, 2023
USD365 million Contract signed to upgrade Cairo - Beni Suef railway line
Orascom Construction and Thales have signed a contract with the Egyptian National Railway Authority worth EUR340 million (US$365 million) to upgrade the railway line between Cairo and Beni Suef. The...
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September 06, 2023
Lenders to participate for Damietta port second container terminal project in Egypt
The Damietta Port Authority (DPA) has granted a senior loan of up to US$125 million in favour of the Damietta Alliance Container Terminal (Borrower), a special purpose vehicle establish...
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September 01, 2023
Contract awarded for development and operation of 10th of Ramadan Dry Port and Logistics Centre project
Egypt’s Ministry of Transport has signed a contract with MEDLOG MSC company to finance, design, develop, operate and maintain a dry port and logistic center in the 10th of Ramadan city. MEDLOG...
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