{"id":74508,"date":"2022-10-26T01:48:38","date_gmt":"2022-10-26T01:48:38","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/10\/26\/egypts-latest-electric-train-project-ebrd-invests-in-moroccan-green-infrastructure\/"},"modified":"2022-10-26T01:48:38","modified_gmt":"2022-10-26T01:48:38","slug":"egypts-latest-electric-train-project-ebrd-invests-in-moroccan-green-infrastructure","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/10\/26\/egypts-latest-electric-train-project-ebrd-invests-in-moroccan-green-infrastructure\/","title":{"rendered":"Egypt\u2019s latest electric train project + EBRD invests in Moroccan green infrastructure"},"content":{"rendered":"

<\/a> Egypt signs PPP agreement for electric train project: <\/strong>The National Authority for<\/a>Tunnels<\/a>, El Didi Group<\/a> and Gama Construction<\/a> signed an MoU for an electric train project under a public-private partnership framework at the Egypt Economic Conference<\/a>, cabinet announced<\/a> on Monday. The agreement will see the establishment of a joint venture to build, operate, maintain, and manage the 250 km cargo-and-passengers railway project connecting key ports in the country.<\/p>\n

Who will do what? <\/strong>Civil works, like bridges, stations, and fences, will be implemented by undisclosed \u201cmajor national companies\u201d while German company Siemens will implement signals, communications and electric power systems, and develop a plan to localize the railway industry in Egypt. No financial details are disclosed as of yet.<\/p>\n

Egypt has been pivoting to electric rail lines: <\/strong>The World Bank approved<\/a> a USD 400 mn financing agreement to boost the performance of the country\u2019s transport and logistics sectors earlier this month. The EBRD signed off on a EUR 40 mn loan<\/a> to partially finance work on the Robeiky-10th of Ramadan-Belbeis freight and passenger railway line. And of course, there\u2019s Egypt\u2019s USD 4.5 bn monorail, which is set for partial inauguration ahead of COP27<\/a>, and implemented by a consortium of Alstom<\/a>, Orascom Construction<\/a> and Arab Contractors<\/a>.<\/p>\n

And is on a clear path towards more private sector involvement: <\/strong>Amendments to the country\u2019s Railway Act in 2018<\/a> allowed private players to participate in developing, managing, and operating railway projects.<\/p>\n

IN OTHER SMART INFRASTRUCTURE NEWS-<\/strong><\/p>\n

EBRD invests in Moroccan bond for green infrastructure projects:<\/strong> The European Bank for Reconstruction and Development (EBRD) invested MAD 400 mn (USD 36.5 mn) in a MAD 1 bn (USD 91.3 mn) municipal bond that focuses on green infrastructure projects in Morocco, according to a statement<\/a>. The bond was issued by Morocco\u2019s Agadir to support the city\u2019s urban development program.<\/p>\n

And formally inducts Agadir into the <\/strong>EBRD Green Cities programme<\/a><\/strong>: <\/strong>The city of Agadir joined an EBRD programme that stipulates member cities to create a green city action plan (GCAP), which would \u201cidentify its key environmental challenges and [...] investments and policy actions required to address them,\u201d according to the statement. Through the program, the EBRD will provide the city with a technical cooperation package for the development of Agadir\u2019s GCAP, the statement notes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt signs PPP agreement for electric train project: The National Authority forTunnels, El Didi Group and Gama Construction signed an MoU for an electric train project under a public-private partnership framework at the Egypt Economic Conference, cabinet announced on Monday. The agreement will see the establishment of a joint venture to build, operate, maintain, and […]<\/p>\n","protected":false},"author":1,"featured_media":74509,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1150],"tags":[40,1149,11,1148,277,1146,1147,542,842],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transportation","tag-egypt","tag-el-didi-group","tag-enterpriseclimate","tag-gama-construction","tag-green-mobility","tag-national-authority-for-tunnels","tag-railways","tag-siemens","tag-transport","wpautop","entry"],"acf":{"mongo_id":"8e508f83-608d-4714-adbd-7ebd3c906e9a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/1645.jpg","photo_position":"above","related_issue":[74500],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s latest electric train project + EBRD invests in Moroccan green infrastructure - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/10\/26\/egypts-latest-electric-train-project-ebrd-invests-in-moroccan-green-infrastructure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s latest electric train project + EBRD invests in Moroccan green infrastructure\" \/>\n<meta property=\"og:description\" content=\"Egypt signs PPP agreement for electric train project: The National Authority forTunnels, El Didi Group and Gama Construction signed an MoU for an electric train project under a public-private partnership framework at the Egypt Economic Conference, cabinet announced on Monday. 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