House Transport Committee gives preliminary nod to loans for Alexandria tram project, GE agreement

The House Transport Committee gave preliminary approval yesterday to a EUR 100 mn loan from the French Development Agency for the EUR 360 mn Alexandria tram project, as well as the Egyptian National Railways’ (ENR) EUR 290 mn loan from the European Bank for Reconstruction for the purchase of 100 new locomotives. The committee is scheduled to meet with government representatives next month to further discuss the agreements, Ahram Gate reports.