{"id":550052,"date":"2022-10-12T03:50:02","date_gmt":"2022-10-12T03:50:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/ebrd-signs-off-on-eur-40-mn-loan-for-rail-line-linking-ports\/"},"modified":"2022-10-12T03:50:02","modified_gmt":"2022-10-12T03:50:02","slug":"ebrd-signs-off-on-eur-40-mn-loan-for-rail-line-linking-ports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/ebrd-signs-off-on-eur-40-mn-loan-for-rail-line-linking-ports\/","title":{"rendered":"EBRD signs off on EUR 40 mn loan for rail line linking ports"},"content":{"rendered":"

<\/a> We\u2019re getting EUR 40 mn from the EBRD for freight + passenger rail line:<\/strong> 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 a project document<\/a>. The line will connect the 10th of Ramadan Dry Port<\/a> to the main rail network and eastern and northern ports in Egypt.<\/p>\n

The breakdown:<\/strong> The loan will be used to partially finance the supply and installation of railway tracks and signaling and telecommunication systems. The remaining cost of the c. EUR 220 mn project is expected to be financed through a loan from another financial institution, while the government will self-fund the project's civil works, according to the statement.<\/p>\n

The line will allow freight transport to bypass the Cairo railway junction<\/strong>, and will also serve commuter traffic between Robeiky, 10th Ramadan, and Belbeis. The line will \u201ccontribute to a modal shift of cargo and passenger transport from road to rail,\u201d the statement says, reducing greenhouse gas emissions.<\/p>\n

There are other green freight railway solutions in the pipe<\/strong>line:<\/strong> The World Bank approved a USD 400 mn financing agreement earlier this month<\/a> to help finance the construction of a low-carbon railway bypass between the Port of Alexandria and the newly-constructed Sixth of October dry port<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019re getting EUR 40 mn from the EBRD for freight + 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 a project document. The line […]<\/p>\n","protected":false},"author":1,"featured_media":550053,"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":[7576],"tags":[101,72,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-development-finance","tag-enterpriseam","tag-transport","wpautop","entry"],"acf":{"mongo_id":"b22199f7-18d9-4046-8cb0-54dc54dd8591","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/197.jpg","photo_position":"above","related_issue":[550046],"teaser":"","voice_url":""},"yoast_head":"\nEBRD signs off on EUR 40 mn loan for rail line linking ports - 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\/12\/ebrd-signs-off-on-eur-40-mn-loan-for-rail-line-linking-ports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD signs off on EUR 40 mn loan for rail line linking ports\" \/>\n<meta property=\"og:description\" content=\"We\u2019re getting EUR 40 mn from the EBRD for freight + 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 a project document. 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The finance, which would be used to upgrade existing rolling stock and purchase new locomotives, is still being reviewed by\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\/2021\/8\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575042,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/30\/govt-requests-another-eur-250-mn-from-ebrd-for-abu-qir-metro-project\/","url_meta":{"origin":550052,"position":3},"title":"Gov\u2019t requests another EUR 250 mn from EBRD for Abu Qir metro project","author":"enterpriseam admin","date":"30 September 2020","format":false,"excerpt":"DEBT WATCH- More EBRD funds in the pipeline for Abu Qir metro conversion project? The European Bank for Reconstruction and Development (EBRD) has received a formal loan request from the government for EUR 250 mn to partially fund a project to convert Alexandria\u2019s Abu Qir railway into an underground metro,\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548419,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/another-usd-10-mn-in-ebrd-funding-could-be-heading-nbk-egypts-way\/","url_meta":{"origin":550052,"position":4},"title":"Another USD 10 mn in EBRD funding could be heading NBK Egypt\u2019s way","author":"enterpriseam admin","date":"8 August 2022","format":false,"excerpt":"More love from EBRD to NBK? The National Bank of Kuwait Egypt (NBK Egypt) could get another USD 10 mn senior unsecured loan from the European Bank of Reconstruction and Development (EBRD) for on-lending to youth-led MSMEs, according to the lender\u2019s website.What\u2019s a senior loan? A senior bank loan is\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546668,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/mps-greenlight-eur-250-mn-ebrd-alex-metro-loan\/","url_meta":{"origin":550052,"position":5},"title":"MPs greenlight EUR 250 mn EBRD Alex metro loan","author":"enterpriseam admin","date":"24 May 2022","format":false,"excerpt":"EBRD Alex metro loan gets House approval: MPs have approved a EUR 250 mn loan from the European Bank for Reconstruction and Development (EBRD) to finance the conversion of the Abu Qir railway into an electrified metro line, Al Shorouk reports. The Transport Ministry signed the final agreement with the\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550052","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=550052"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550052\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/550046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/550053"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550052"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550052"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}