{"id":549873,"date":"2022-10-04T03:53:09","date_gmt":"2022-10-04T03:53:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/world-bank-approves-usd-400-mn-in-funding-for-freight-rail-network\/"},"modified":"2022-10-04T03:53:09","modified_gmt":"2022-10-04T03:53:09","slug":"world-bank-approves-usd-400-mn-in-funding-for-freight-rail-network","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/world-bank-approves-usd-400-mn-in-funding-for-freight-rail-network\/","title":{"rendered":"World Bank approves USD 400 mn in funding for freight rail network"},"content":{"rendered":"

<\/a> A more efficient and low-carbon freight railway system is coming:<\/strong> The World Bank has approved a USD 400 mn financing agreement to boost the performance of the country\u2019s transport and logistics sectors and support a shift towards low-carbon rail systems, the World Bank (pdf)<\/a> and the International Cooperation Ministry<\/a> said yesterday.<\/p>\n

Making rail freight faster and more efficient: <\/strong>The money will help finance the construction of a railway bypass that avoids the congested Greater Cairo-Sixth of October rail corridor. The bypass will allow freight trains to travel between the Port of Alexandria and the newly-constructed Sixth of October dry port<\/a> via an alternative route to the west of Greater Cairo. The bypass will be able to handle 15 container trains per day by 2030 and up to 50 trains by 2060.<\/p>\n

Reducing transport emissions: <\/strong>Reliance on road freight means that the country\u2019s transport sector currently accounts for 19% of our total greenhouse gas emissions, the World Bank says. Increasing the use of rail to transport goods will lower Egypt\u2019s carbon output by around 965k tons over 30 years, the bank estimates. This falls in line with the governm<\/a>ent\u2019s mission<\/a> to reduce emissions in three sectors \u2014 energy, oil and gas, and transport \u2014 that represent around 45% of Egypt's total emissions.<\/p>\n

The <\/strong>private sector<\/strong> will be able to operate their trains on national rail lines for a fee <\/strong>through a new infrastructure access charging scheme. The project will support a fee scheme similar to road tolls or airport landing fees, boosting the National Railways Authority\u2019s finances.<\/p>\n

What they said: <\/strong>\u201cIncreasing the number of containers moved by rail from zero to 184k per year is one of the project\u2019s key objectives,\u201d Transport Minister Kamel El Wazir said.<\/p>\n","protected":false},"excerpt":{"rendered":"

A more efficient and low-carbon freight railway system is coming: The World Bank has approved a USD 400 mn financing agreement to boost the performance of the country\u2019s transport and logistics sectors and support a shift towards low-carbon rail systems, the World Bank (pdf) and the International Cooperation Ministry said yesterday. Making rail freight faster […]<\/p>\n","protected":false},"author":1,"featured_media":549874,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[9124],"tags":[72,2508,7111,213,443,209,145,207,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure-watch","tag-enterpriseam","tag-freight-rail","tag-infrastructure","tag-infrastructure-watch","tag-international-cooperation-ministry","tag-kamel-el-wazir","tag-logistics","tag-transport","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"a3909daf-3c48-4041-939d-1a361defdb86","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/121.jpg","photo_position":"above","related_issue":[549867],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank approves USD 400 mn in funding for freight rail network - EnterpriseAM Egypt<\/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\/egypt\/2022\/10\/04\/world-bank-approves-usd-400-mn-in-funding-for-freight-rail-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank approves USD 400 mn in funding for freight rail network\" \/>\n<meta property=\"og:description\" content=\"A more efficient and low-carbon freight railway system is coming: The World Bank has approved a USD 400 mn financing agreement to boost the performance of the country\u2019s transport and logistics sectors and support a shift towards low-carbon rail systems, the World Bank (pdf) and the International Cooperation Ministry said yesterday. 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passenger rail line: Egyptian National Railways (ENR) has secured a EUR 40 mn loan from the European Bank for Reconstruction and Development (EBRD) to partially finance work on the Robeiky-10th of Ramadan-Belbeis freight and passenger railway line, according to\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/197.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589922,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/11\/mps-approve-usd-400-mn-world-bank-freight-rail-infrastructure-loan\/","url_meta":{"origin":549873,"position":1},"title":"MPs approve USD 400 mn World Bank freight rail infrastructure loan","author":"enterpriseam admin","date":"11 July 2023","format":false,"excerpt":"Some MPs criticized the transport loan in the context of high foreign debt levels","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/384.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606786,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/21\/cairo-alex-freight-rail-bypass-tender-to-launch-in-1q-2024\/","url_meta":{"origin":549873,"position":2},"title":"Cairo-Alex freight rail bypass tender to launch in 1Q 2024","author":"enterpriseam admin","date":"21 September 2023","format":false,"excerpt":"The railway bypass will allow freight trains to travel between Alexandria port and the Sixth of October dry port","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1343.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590290,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/17\/eib-could-provide-usd-300-mn-for-new-rail-line-plus-madinet-masr-acquires-minka-tenth-of-ramadan-dry-port-green-methanol-new-freezones-incoming\/","url_meta":{"origin":549873,"position":3},"title":"EIB could provide USD 300 mn for new rail line. PLUS: Madinet Masr acquires Minka, Tenth of Ramadan dry port, green methanol, new freezones incoming","author":"enterpriseam admin","date":"17 July 2023","format":false,"excerpt":"The EBRD has provided EUR 40 mn to help fund the line, which will be used for freight and passenger trains","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/647.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569026,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/eib-to-support-infrastructure-projects-with-eur-123-mn-in-financing\/","url_meta":{"origin":549873,"position":4},"title":"EIB to support infrastructure projects with EUR 123 mn in financing","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"EIB to provide EUR 123 mn to finance infrastructure projects: The Egyptian government has signed three financing agreements worth EUR 122.7 mn with the European Investment Bank (EIB) to fund infrastructure projects. The bank will provide a EUR 120 mn loan to increase the capacity of the Alexandria West Wastewater\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/148.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567696,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/","url_meta":{"origin":549873,"position":5},"title":"World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway","author":"enterpriseam admin","date":"3 December 2020","format":false,"excerpt":"World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway: The Transport Ministry reached an agreement with the World Bank for a USD 500 mn soft loan to add a duplicate set of tracks to the Imbaba-Mansheya-Alexandria railway line, Al Mal reports, citing unnamed sources familiar with the\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/72.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=549873"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549873\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/549874"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549873"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549873"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}