{"id":590290,"date":"2023-07-17T00:00:00","date_gmt":"2023-07-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/17\/eib-could-provide-usd-300-mn-for-new-rail-line-plus-madinet-masr-acquires-minka-tenth-of-ramadan-dry-port-green-methanol-new-freezones-incoming\/"},"modified":"2023-07-17T00:00:00","modified_gmt":"2023-07-17T00:00:00","slug":"eib-could-provide-usd-300-mn-for-new-rail-line-plus-madinet-masr-acquires-minka-tenth-of-ramadan-dry-port-green-methanol-new-freezones-incoming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/17\/eib-could-provide-usd-300-mn-for-new-rail-line-plus-madinet-masr-acquires-minka-tenth-of-ramadan-dry-port-green-methanol-new-freezones-incoming\/","title":{"rendered":"EIB could provide USD 300 mn for new rail line. PLUS: Madinet Masr acquires Minka, Tenth of Ramadan dry port, green methanol, new freezones incoming"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">TRANSPORT-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">EIB money for rail line?<\/span><span style=\"\">The government is in talks with the European <\/span><span>Investment Bank (EIB) over a potential USD 300 mn loan to finance the construction of the Robeiky-Tenth of Ramadan-Belbeis freight and passenger railway line, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3OeyTAK\" style=\"\">Al Mal<\/a><\/span><span> quotes a source at the Egyptian National Railways as saying. The railway line is expected to transport some 1 mn tons of goods a year. The railway <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b22199f7-18d9-4046-8cb0-54dc54dd8591\" style=\"\">received<\/a><\/span><span style=\"font-weight:400;\"> a EUR 40 mn loan from the European Bank for Reconstruction and Development last year. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">M&A-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Madinet Masr acquires Minka:<\/span><span style=\"\"> Madinet Masr has completed its EGP 200 mn <\/span><span>acquisition of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/minkaegypt.com\/\" style=\"\">Minka Development<\/a><\/span><span> and EgyCan for Real Estate Development, a special purpose vehicle, the company said in an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/7\/632.pdf\" style=\"\">EGX disclosure (pdf)<\/a><\/span><span> yesterday. A <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/24bc8308-5529-4e7b-afc5-72dadf4be449\" style=\"\">fair value study<\/a><\/span><span style=\"font-weight:400;\"> in 2021 valued Minka and EgyCan at EGP 232 mn. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">LOGISTICS-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#1- MSC\u2019s Medlog to finalize contracts for Tenth of Ramadan dry port in mid-Augu<\/span><span style=\"font-weight:700\">st:<\/span><span style=\"\">MSC cargo subsidiary <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/medlogaus.com\/\" style=\"\">Medlog<\/a><\/span><span style=\"\"> could ink an agreement with the government for the design, construction, operation, maintenance, and financing of the Tenth of Ramadan dry port and logistics center in mid-August, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3OeyTAK\" style=\"\">Al Mal<\/a><\/span><span style=\"\"> quotes<\/span><span style=\"font-weight:400;\"> Atter Hannoura, the director of the Finance Ministry's PPP unit, as saying.   <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ICYMI- <\/span><span>We reported in June that a consortium led by Italy\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.msc.com\/en\/about-us\/msc-group\" style=\"\">Mediterranean Shipping Company<\/a><\/span><span style=\"font-weight:400;\"> (MSC) snagged the bid to establish and operate the 250-feddan Tenth of Ramadan dry port, according to an Egyptian Transport Ministry statement. The dry dock aims to serve the industrial area in Badr, Ain Sokhna, East Port Said, the new capital and the Tenth of Ramadan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">^^ Read the full story in <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e2e3a675-da55-4e30-9669-5b4e017eb305\" style=\"\">Enterprise Logistics<\/a><\/span><span style=\"font-weight:700;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#2- Three new freezones incoming? <\/span><span style=\"\">The General Authority for Freezones and <\/span><span>Investment (GAFI) is looking to set up three freezones in Alexandria, Tenth of Ramadan, and the Sixth of October, GAFI head Hossam Heiba <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0358nrm2DWQAxdmNY7A8Uzsxn2kTYHdKcLUeRnxmE32EyJaSWA7HDrue3nSR83Fpuzl?locale=ar_AR\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\">yesterday. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ENERGY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Green methanol bunkering: Coming to the Suez Canal in four years.<\/span><span style=\"\"> The <\/span><span style=\"\">Suez <\/span><span style=\"\">Canal Economic Zone (SCZone) is looking to roll out green methanol bunkering services before 2027<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/46T1EKi\" style=\"\">Al Mal<\/a><\/span><span style=\"font-weight:400;\"> quotes SCZone chief Walid Gamal El Din as saying. The SCZone is looking to expand the scope of its bunkering services in the near future, he added, indicating that the authority has received hurried requests for services to supply ships with green methanol and gas.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Reminder: Egypt is getting the first green methanol plant in the region soon.<\/span><span style=\"\"> Norway\u2019s <\/span><span>Scatec and Alexandria National Refining & Petrochemicals Company (ANRPC) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/47413417-b184-4c5b-9675-832759b90a72\" style=\"\">inked a USD 450 mn agreement<\/a><\/span><span> in <\/span><span>May<\/span><span style=\"font-weight:400;\"> to establish a green methanol plant in Damietta. The facility is slated to start off producing 40k tons of green methanol a year, before being scaled up to 200k tons.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">^^ Read the full story in <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a2419920-04f2-43ce-a45d-38961389020c\" style=\"\">Enterprise Logistics<\/a><\/span><span style=\"font-weight:700\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EBRD has provided EUR 40 mn to help fund the line, which will be used for freight and passenger trains<\/p>\n","protected":false},"author":1,"featured_media":590291,"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":[7209],"tags":[111,101,93,72,760,461,7111,145,7203,10793,10794,83,7103,416,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-development-finance","tag-energy","tag-enterpriseam","tag-european-investment-bank","tag-gafi","tag-infrastructure","tag-logistics","tag-madinet-masr","tag-medlog","tag-minka-development","tag-real-estate","tag-suez-canal","tag-suez-canal-economic-zone","tag-transport","wpautop","entry"],"acf":{"mongo_id":"faf2ea09-4f7a-4ddb-a5fd-93073669a2e4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/647.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EIB could provide USD 300 mn for new rail line in Egypt. . PLUS: Madinet Masr acquires Minka, Tenth of Ramadan dry port, green methanol, new freezones incoming","related_issue":[590270],"teaser":"The EBRD has provided EUR 40 mn to help fund the line, which will be used for freight and passenger trains","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.5364d21a-84d4-4046-b037-19e5a4bd67bb.mp3"},"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>EIB could provide USD 300 mn for new rail line. 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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":[]},{"id":569026,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/eib-to-support-infrastructure-projects-with-eur-123-mn-in-financing\/","url_meta":{"origin":590290,"position":2},"title":"EIB to support infrastructure projects with EUR 123 mn in financing","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"EIB to provide EUR 123 mn to finance infrastructure projects: The Egyptian government has signed three financing agreements worth EUR 122.7 mn with the European Investment Bank (EIB) to fund infrastructure projects. The bank will provide a EUR 120 mn loan to increase the capacity of the Alexandria West Wastewater\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\/2\/148.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":590290,"position":3},"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. 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