{"id":560622,"date":"2021-03-07T04:02:06","date_gmt":"2021-03-07T04:02:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/07\/big-train-a-comin\/"},"modified":"2021-03-07T04:02:06","modified_gmt":"2021-03-07T04:02:06","slug":"big-train-a-comin","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/07\/big-train-a-comin\/","title":{"rendered":"Big train a-comin\u2019"},"content":{"rendered":"

<\/a> The safety and quality of service of Egypt\u2019s railways are getting an upgrade with a<\/strong> USD 440 mn loan from the World Bank<\/strong>, which reached an agreement with the International Cooperation Ministry to allocate the funding for the Railway Improvement and Safety for Egypt (RISE) project, according to a press release (pdf)<\/a>.<\/p>\n

In details:<\/strong> The RISE project is valued at a total USD 681.1 mn, which includes the World Bank\u2019s loan and another USD 241.1 mn the Egyptian National Railways (ENR) will contribute. The World Bank\u2019s financing will help finance signaling modernization and rail track upgrades, with a focus on the Cairo-Beni Suef segment of the rail network. The project will also buttress \u201creforms needed to enhance ENR\u2019s performance and competitiveness,\u201d the statement said. RISE will \u201csupport the momentum for reform and the demand for urban mobility and reliable public transport, integral to achieving the 2030 Sustainable Development Goals,\u201d Minister Rania Al-Mashat said.<\/p>\n

Speaking of railways:<\/strong> Phase 1 of Cairo\u2019s USD 4.5 bn mega-monorail project<\/a> \u2014 which runs 45 km to connect East Cairo to the new administrative capital \u2014 is slated for inauguration by the end of May 2022, Transport Minister Kamel El Wazir said at a site tour<\/a> yesterday. Meanwhile, the second and final phase of the project (extending over 11.5 km) is scheduled to open in February 2023, El Wazir said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The safety and quality of service of Egypt\u2019s railways are getting an upgrade with a USD 440 mn loan from the World Bank, which reached an agreement with the International Cooperation Ministry to allocate the funding for the Railway Improvement and Safety for Egypt (RISE) project, according to a press release (pdf). In details: The […]<\/p>\n","protected":false},"author":1,"featured_media":560623,"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":[101,1071,72,209,223,207,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-development-finance","tag-egyptian-national-railways","tag-enterpriseam","tag-kamel-el-wazir","tag-rania-al-mashat","tag-transport","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"7e570aa9-e0d3-4108-9087-7e6656ed9fd2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/114.jpg","photo_position":"above","related_issue":[560610],"teaser":"","voice_url":""},"yoast_head":"\nBig train a-comin\u2019 - 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\/2021\/03\/07\/big-train-a-comin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big train a-comin\u2019\" \/>\n<meta property=\"og:description\" content=\"The safety and quality of service of Egypt\u2019s railways are getting an upgrade with a USD 440 mn loan from the World Bank, which reached an agreement with the International Cooperation Ministry to allocate the funding for the Railway Improvement and Safety for Egypt (RISE) project, according to a press release (pdf). 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The proceeds\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\/9\/237.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":560622,"position":2},"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":[]},{"id":577530,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/egyptian-national-railways-lands-funding-from-eib-afd\/","url_meta":{"origin":560622,"position":3},"title":"Egyptian National Railways lands funding from EIB, AFD","author":"enterpriseam admin","date":"27 November 2022","format":false,"excerpt":"We\u2019re getting EUR 316 mn from European development partners for railway upgrades: The European Investment Bank and the French Development Agency (AFD) have signed agreements with the Egyptian government to help finance upgrades to the Tanta-Mansoura-Damietta railway line, according to the EIB\u2019s website and an AFD statement (pdf). 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