{"id":591748,"date":"2019-12-16T05:08:08","date_gmt":"2019-12-16T05:08:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/16\/world-bank-ebrd-to-lend-egypt-usd-1-bn-for-new-alexandria-metro-line\/"},"modified":"2019-12-16T05:08:08","modified_gmt":"2019-12-16T05:08:08","slug":"world-bank-ebrd-to-lend-egypt-usd-1-bn-for-new-alexandria-metro-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/16\/world-bank-ebrd-to-lend-egypt-usd-1-bn-for-new-alexandria-metro-line\/","title":{"rendered":"World Bank, EBRD to lend Egypt USD 1 bn for new Alexandria metro line"},"content":{"rendered":"

<\/a> World Bank, EBRD to lend Egypt USD 1 bn for new Alexandria metro line: <\/strong>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 in the Transport Ministry said, according to Al Mal<\/a>. Authorities are now negotiating the loan\u2019s grace period, interest, and repayment timeline. Sources revealed that separate talks are also ongoing with the Russian, Canadian and Hungarian export-import banks to secure an additional USD 500 mn loan to cover the remaining costs of the USD 1.5-2 bn first phase, which will link Abu Qir in the east to the mid-western Mahatet Masr in Attarin. The Alexandria governorate will launch the tender<\/a> for the project in 1Q2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 in the Transport Ministry said, […]<\/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":[8572],"tags":[9621,130,7106,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591748","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-alexandria-metro","tag-construction","tag-debt","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"46e73d48-d853-4bff-97ff-f1a2e1607961","is_powered_by":true,"section_story_id":"fe1a5059-6b32-4a3b-bd45-9df0c8f1394c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[591734],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank, EBRD to lend Egypt USD 1 bn for new Alexandria metro line - 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The European Bank for Reconstruction and Development (EBRD) has received a formal loan request from the government for EUR 250 mn to partially fund a project to convert Alexandria\u2019s Abu Qir railway into an underground metro,\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":558206,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/01\/more-ebrd-money-for-abu-qir-railway-conversion\/","url_meta":{"origin":591748,"position":2},"title":"More EBRD money for Abu Qir railway conversion","author":"enterpriseam admin","date":"1 August 2021","format":false,"excerpt":"An extra EUR 250 mn for Abu Qir metro, courtesy of EBRD: The project to convert Alexandria\u2019s Abu Qir railway into an underground metro will be getting an additional EUR 250 mn from the European Bank for Reconstruction and Development, after the bank approved a formal loan request submitted by\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\/8\/36.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557576,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/ebrd-pledges-nearly-usd-1-bn-increase-in-green-cities-investments-worldwide\/","url_meta":{"origin":591748,"position":3},"title":"EBRD pledges nearly USD 1 bn increase in Green Cities investments worldwide","author":"enterpriseam admin","date":"23 September 2021","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) will nearly double its \u201cpriority investments\u201d in its Green Cities program to around EUR 1.9 bn by end-2023, up from EUR 1.01 bn as of this August, according to a statement. 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The finance, which would be used to upgrade existing rolling stock and purchase new locomotives, is still being reviewed by\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575286,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/egypts-alexandria-petroleum-is-going-greener-with-usd-250-mn-ebrd-loan\/","url_meta":{"origin":591748,"position":5},"title":"Egypt\u2019s Alexandria Petroleum is going greener with USD 250 mn EBRD loan","author":"enterpriseam admin","date":"11 October 2020","format":false,"excerpt":"DEBT WATCH- Alexandria Petroleum going greener with USD 250 mn EBRD loan: The European Bank for Reconstruction and Development (EBRD) will provide state-owned Alexandria Petroleum Company (APC) with a USD 250 mn sovereign loan to partially finance USD 647 mn in water and energy efficiency upgrades at the company\u2019s diesel\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591748","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=591748"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591748\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/591734"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=591748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=591748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=591748"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=591748"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=591748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}