{"id":571574,"date":"2020-05-17T03:24:55","date_gmt":"2020-05-17T03:24:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile\/"},"modified":"2020-05-17T03:24:55","modified_gmt":"2020-05-17T03:24:55","slug":"govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile\/","title":{"rendered":"Gov't considers restructuring railway authority\u2019s EGP 250 bn debt pile"},"content":{"rendered":"

Officials are looking at ways to restructure EGP 250 bn in debt owed by the troubled Egyptian Railway Authority (ERA), Ittihadiya said in a statement<\/a>. The authority currently owes EGP 100 bn to the central bank and EGP 150 bn in government loans. The ERA is projected<\/a> to record nearly EGP 10 bn in operating losses this fiscal year alone and is expected to only make a third of the EGP 14.9 bn it needs to cover its operating costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Officials are looking at ways to restructure EGP 250 bn in debt owed by the troubled Egyptian Railway Authority (ERA), Ittihadiya said in a statement. The authority currently owes EGP 100 bn to the central bank and EGP 150 bn in government loans. The ERA is projected to record nearly EGP 10 bn in operating […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9291],"tags":[2370,2653,7106,72,7111],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571574","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-budgeting","tag-debt","tag-enterpriseam","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"8496173a-0ab8-4b23-831b-4a88bcd91eb2","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[571548],"teaser":"","voice_url":""},"yoast_head":"\nGov't considers restructuring railway authority\u2019s EGP 250 bn debt pile - 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\/05\/17\/govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov't considers restructuring railway authority\u2019s EGP 250 bn debt pile\" \/>\n<meta property=\"og:description\" content=\"Officials are looking at ways to restructure EGP 250 bn in debt owed by the troubled Egyptian Railway Authority (ERA), Ittihadiya said in a statement. The authority currently owes EGP 100 bn to the central bank and EGP 150 bn in government loans. The ERA is projected to record nearly EGP 10 bn in operating […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-17T03:24:55+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov't considers restructuring railway authority\u2019s EGP 250 bn debt pile\",\"datePublished\":\"2020-05-17T03:24:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"budgeting\",\"debt\",\"EnterpriseAM\",\"infrastructure\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/govt-considers-restructuring-railway-authoritys-egp-250-bn-debt-pile\/\",\"name\":\"Gov't considers restructuring railway authority\u2019s EGP 250 bn debt pile - 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