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AfDB approves EUR 145M loan to upgrade Egypt’s railway

AfDB approves EUR 145M loan to upgrade Egypt’s railway

ArabFinance: The African Development Bank’s (AfDB) board of directors approved a EUR 145 million (EGP 2.708 billion) loan to finance reliability and performance upgrades to Egypt’s rail system under the Egypt National Railways Modernization Project (ENRMP), according to the bank’s statement on April 6th.

The facility will be used to enhance operational safety and to increase network capacity on national rail lines.

The improvement and expansion of Egypt’s rail system through the ENRMP allows for active mobility and enables the urban and rural development through an inter-modal linked system.

The Egyptian government has committed significant investment to upgrade the country’s railway infrastructure through rail renewals, modernization of signalling and the purchase of new rolling stock.

Under the ENRMP a state-of-the-art, cost-effective train protection system will be installed on 950 km of train line along the busy routes connecting Alexandria in the north to Negh Hammadi in the south, and Port Said in the east.

 

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