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.