The Holding Company for Tourism and Hotels subsidiary Misr Travel is in talks to borrow EGP 150 mn from the European Bank for Reconstruction and Development (EBRD) to finance the renewal of its tourist transport fleet, according to the local press. The company aims to buy 50 new tourist buses and 50 limousine-service cars. The current fleet includes 128 buses and 80 limousines, serving 40 branches. Banque Misr and the National Bank of Egypt were reportedly in negotiations with the company over the loan.

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