The Ministry of Transportation of Egypt (MOT) has announced that the Egyptian House of Representatives approved the construction of the Metro rehabilitation public-private partnership (PPP) project in Alexandria, Egypt.
The project involves the upgrade of the existing rail line between downtown Alexandria and the north-eastern district of Abu Qir into a high-capacity metro. Prior to this, the European Bank for Reconstruction and Development (EBRD) has approved the provision of a EUR250 million (US$265 million) sovereign loan to Egypt for financing the Alexandria metro project.
The metro modernization project is consistent with the Bank’s strategy for Egypt, especially with its priorities to improve the quality and sustainability of infrastructure services in the country.
Country updates
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April 25, 2022
Agreement signed for upgradation of 224 km Luxor - High Dam line in Egypt
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 ...
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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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