{"id":567696,"date":"2020-12-03T04:15:30","date_gmt":"2020-12-03T04:15:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/"},"modified":"2020-12-03T04:15:30","modified_gmt":"2020-12-03T04:15:30","slug":"world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/","title":{"rendered":"World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway:<\/strong> 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, <a href=\"https:\/\/bit.ly\/37vBRtU\">Al Mal<\/a> reports, citing unnamed sources familiar with the matter. The project is expected to be completed within 24 months of receiving the loan, they added. The bank said in October that it could provide as much as USD 250 mn toward upgrading the <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9d2ea71-00e8-4351-a47e-ce3fbed9687d\">Alexandria-Cairo-Nagaa Hammadi line<\/a><\/strong><strong>,<\/strong> involving new signaling and tracks.<\/p>\n<p><strong>It has been a busy couple of weeks as far as Egypt\u2019s railways are concerned:<\/strong> Last month\u2019s TransMea conference saw a series of agreements signed that aim to upgrade the nation\u2019s ailing rail network. These included <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa812190-8b67-4c0d-ad95-776bd982a04b\">new finance<\/a> for the Tenth of Ramadan-new capital electric railway, a new signalling control center, and the creation of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b53954d2-8ae2-4eb9-b5c3-ef082e747867\">the National Egyptian Company for Railroad Industries<\/a>, which will invest USD 10 bn in the coming years to kick-start local assembly and refurbing of locomotives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 matter. The project is expected [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":567697,"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":[7278],"tags":[72,7111,207,208,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-enterpriseam","tag-infrastructure","tag-transport","tag-transport-ministry","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"d1880f8f-04ae-4b01-a1c5-5475da693804","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/72.jpg","photo_position":"above","related_issue":[567679],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway - 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\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway\" \/>\n<meta property=\"og:description\" content=\"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 matter. The project is expected [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T04:15:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/72.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway\",\"datePublished\":\"2020-12-03T04:15:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/72.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"infrastructure\",\"transport\",\"Transport Ministry\",\"World Bank\"],\"articleSection\":[\"Infrastructure\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\",\"name\":\"World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway - 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The proceeds\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":575167,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/05\/eib-approves-eur-750-mn-loan-for-egypts-smes-world-bank-mulls-railway-funding\/","url_meta":{"origin":567696,"position":2},"title":"EIB approves EUR 750 mn loan for Egypt\u2019s SMEs, World Bank mulls railway funding","author":"enterpriseam admin","date":"5 October 2020","format":false,"excerpt":"DEBT WATCH- The European Investment Bank (EIB) has approved a EUR 750 mn facility for Banque Misr to on-lend to SMEs impacted by the covid-19 pandemic to finance working capital, according to the bank\u2019s website. The facility has been in the pipeline since mid-August. The EIB signed off in July\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":591748,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/16\/world-bank-ebrd-to-lend-egypt-usd-1-bn-for-new-alexandria-metro-line\/","url_meta":{"origin":567696,"position":3},"title":"World Bank, EBRD to lend Egypt USD 1 bn for new Alexandria metro line","author":"enterpriseam admin","date":"16 December 2019","format":false,"excerpt":"World Bank, EBRD to lend Egypt USD 1 bn for new Alexandria metro line: The World Bank and the European Bank for Reconstruction and Development have agreed to provide a USD 1 bn loan to partially finance the project to convert Alexandria\u2019s Abu Qir railway into an underground metro, sources\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":562536,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/more-railway-funding-from-ibrd-moving-towards-modern-irrigation\/","url_meta":{"origin":567696,"position":4},"title":"More railway funding from IBRD + moving towards modern irrigation","author":"enterpriseam admin","date":"27 May 2021","format":false,"excerpt":"Fresh funding for our railways from IBRD: The Madbouly Cabinet signed off yesterday on a USD 362.9 mn facility from the World Bank\u2019s lending arm, the International Bank for Reconstruction and Development (IBRD) to develop and upgrade the country\u2019s rail network, according to a Cabinet statement. The funding will be\u2026","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594379,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/","url_meta":{"origin":567696,"position":5},"title":"EIB considers EUR 90 mn loan for Tanta-Damietta railway upgrade","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"The European Investment Bank (EIB) is looking at extending a EUR 90 mn loan to the government to upgrade the Tanta-Mansoura-Damietta railway line, according to its website. The project is expected to cost a total of EUR 193 mn, and involves double-tracking a 65 km stretch of line and installing\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"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\/567696","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=567696"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567696\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/567697"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567696"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567696"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}