{"id":567778,"date":"2020-12-07T03:49:25","date_gmt":"2020-12-07T03:49:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/eur-1-bn-egypt-sudan-railway-could-get-a-leg-up-from-kuwait-fund\/"},"modified":"2020-12-07T03:49:25","modified_gmt":"2020-12-07T03:49:25","slug":"eur-1-bn-egypt-sudan-railway-could-get-a-leg-up-from-kuwait-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/eur-1-bn-egypt-sudan-railway-could-get-a-leg-up-from-kuwait-fund\/","title":{"rendered":"EUR 1 bn Egypt-Sudan railway could get a leg up from Kuwait Fund"},"content":{"rendered":"

<\/a> The Kuwait Fund for Arab Economic Development could be on board to fund the <\/strong>900-km railway linking Egypt and Sudan<\/strong>, Al Shorouk<\/a> reports, citing an unnamed government official. The fund has agreed in principle to finance the projectalongside the Egyptian and Sudanese governments<\/a>, which the source says will cost some EUR 1 bn. A tender to hire a technical consultant for the project is also expected soon, and will be open to foreign bidders. The project, however, faces \u201ctechnical difficulties\u201d including \u201ca discrepancy\u201d between Egypt and Sudan\u2019s train lines, the source said without elaborating. Sudan uses narrow-gauge track, while Egypt uses standard-gauge.<\/p>\n

Background: <\/strong>Egypt and Sudan last month signed an agreement<\/a> to conduct feasibility studies for a rail connection that would run between Aswan and Wadi Halfa, providing a direct rail link between Alexandria and Khartoum. The agreement was the latest of several other announcements of a planned railway link since Egypt, Sudan, and Ethiopia agreed to create a joint fund to raise capital<\/a> for a network of cross-border railway lines and roads back in 2018.<\/p>\n

OTHER TRANSPORT NEWS-<\/strong> The National Rail Authority (NRA) plans to launch a <\/strong>tender next year<\/strong> for the upgrade of the Luxor-Aswan rail line\u2019s infrastructure and signaling system, which is expected to cost USD 170 mn, according to a report in Al Mal\u2019s print edition citing an NRA official. The government is planning to spend EGP 17 bn in five years to upgrade signaling systems across the country, which will be financed through facilitated loans from foreign lenders, Transport Minister Kamel El Wazir said last year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Kuwait Fund for Arab Economic Development could be on board to fund the 900-km railway linking Egypt and Sudan, Al Shorouk reports, citing an unnamed government official. The fund has agreed in principle to finance the projectalongside the Egyptian and Sudanese governments, which the source says will cost some EUR 1 bn. A tender […]<\/p>\n","protected":false},"author":1,"featured_media":567779,"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":[7261],"tags":[7098,7097,72,7087,7111,126,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transport","tag-africa","tag-development","tag-enterpriseam","tag-finance","tag-infrastructure","tag-sudan","tag-transport","wpautop","entry"],"acf":{"mongo_id":"206f170a-ba6a-4fdb-85f0-9b4ea667a1bc","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/116.jpg","photo_position":"above","related_issue":[567763],"teaser":"","voice_url":""},"yoast_head":"\nEUR 1 bn Egypt-Sudan railway could get a leg up from Kuwait Fund - 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\/07\/eur-1-bn-egypt-sudan-railway-could-get-a-leg-up-from-kuwait-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EUR 1 bn Egypt-Sudan railway could get a leg up from Kuwait Fund\" \/>\n<meta property=\"og:description\" content=\"The Kuwait Fund for Arab Economic Development could be on board to fund the 900-km railway linking Egypt and Sudan, Al Shorouk reports, citing an unnamed government official. 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The European Bank for Reconstruction and Development, European Investment Bank, World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank are all\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\/2021\/12\/400.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545727,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/10\/edita-to-invest-egp-1-bn-by-2025\/","url_meta":{"origin":567778,"position":1},"title":"Edita to invest EGP 1 bn by 2025","author":"enterpriseam admin","date":"10 April 2022","format":false,"excerpt":"EGX-listed snackmaker Edita plans to invest EGP 1 bn over the coming three years to expand operations, company chairman Hani Berzi said, according to a company statement (pdf). Berzi made the announcement on the sidelines of a visit by Prime Minister Mostafa Madbouly and Trade Minister Nevine Gamea to 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":[]},{"id":592749,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/egypt-builds-6000-km-railway-to-sudan\/","url_meta":{"origin":567778,"position":2},"title":"Egypt builds 6,000 km railway to Sudan","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"Egypt is building a 6k km railway line connecting Upper Egypt with Sudan to facilitate trade between the two countries, according to Egypt Today. The railway will link Abu Simbel to the Sudanese town of Abu Hamad within 36 months. Egypt, Sudan, and Ethiopia had agreed to create a joint\u2026","rel":"","context":"In "Automotive + Transportation"","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":[]},{"id":575843,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/diplomacy-foreign-trade-on-28-october-2020\/","url_meta":{"origin":567778,"position":3},"title":"Diplomacy + Foreign Trade on 28 October 2020","author":"enterpriseam admin","date":"28 October 2020","format":false,"excerpt":"The biggest diplomacy story of the day: Egypt, Ethiopia, and Sudan could have a draft agreement on filling and operating the Grand Renaissance Dam within a week. Sudan, which chaired the first meeting yesterday of African Union-brokered negotiations that resumed yesterday following a seven-week hiatus, is expected to send out\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":567778,"position":4},"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 "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":546333,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/another-step-towards-sustainable-bonds\/","url_meta":{"origin":567778,"position":5},"title":"Another step towards sustainable bonds","author":"enterpriseam admin","date":"12 May 2022","format":false,"excerpt":"Cabinet backs sustainable development agenda: Ministers have approved a plan by the Finance Ministry to broaden its green financing framework to include sustainable development bonds, allowing the state to raise money for a wider array of social and environmental projects, cabinet said in a statement following its weekly meeting yesterday.Wait,\u2026","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/150.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567778","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=567778"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567778\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/567779"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567778"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567778"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}