{"id":592658,"date":"2019-11-03T04:12:23","date_gmt":"2019-11-03T04:12:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade\/"},"modified":"2019-11-03T04:12:23","modified_gmt":"2019-11-03T04:12:23","slug":"frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade\/","title":{"rendered":"France\u2019s AFD considers EUR 190 mn loan for Tanta-Damietta railway upgrade"},"content":{"rendered":"<p>The Transport Ministry is in talks with the French Development Agency for a EUR 190 mn loan to finance upgrades to the Tanta-Mansoura-Damietta railway line, <a href=\"https:\/\/cms.shorouknews.com\/news\/view.aspx?cdate=02112019&id=06c391f5-afb7-450c-97ff-e83d87beeded\">a source told Al Shorouk<\/a>. The government is planning to issue a global tender early next year, the source said. We noted <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/\">last week<\/a> that the European Investment Bank was also considering extending a EUR 90 mn loan for the project. The project involves double-tracking a 65-km stretch of the 118 km line and installing an automated signaling system. The government is planning to spend EGP 56 bn in the next five years to upgrade signaling systems across the country, EGP 17 bn of which will be acquired from foreign lenders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Transport Ministry is in talks with the French Development Agency for a EUR 190 mn loan to finance upgrades to the Tanta-Mansoura-Damietta railway line, a source told Al Shorouk. The government is planning to issue a global tender early next year, the source said. We noted last week that the European Investment Bank was [&hellip;]<\/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":[2370,204,7106,72,7111],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592658","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-banking","tag-debt","tag-enterpriseam","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"0519b51f-bb43-41a9-b01f-a18085b8ab7d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[592631],"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>France\u2019s AFD considers EUR 190 mn loan for Tanta-Damietta railway upgrade - 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\/2019\/11\/03\/frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"France\u2019s AFD considers EUR 190 mn loan for Tanta-Damietta railway upgrade\" \/>\n<meta property=\"og:description\" content=\"The Transport Ministry is in talks with the French Development Agency for a EUR 190 mn loan to finance upgrades to the Tanta-Mansoura-Damietta railway line, a source told Al Shorouk. The government is planning to issue a global tender early next year, the source said. We noted last week that the European Investment Bank was [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-03T04:12:23+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\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\/2019\/11\/03\/frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"France\u2019s AFD considers EUR 190 mn loan for Tanta-Damietta railway upgrade\",\"datePublished\":\"2019-11-03T04:12:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade\/\"},\"wordCount\":122,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"banking\",\"debt\",\"EnterpriseAM\",\"infrastructure\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/frances-afd-considers-eur-190-mn-loan-for-tanta-damietta-railway-upgrade\/\",\"name\":\"France\u2019s AFD considers EUR 190 mn loan for Tanta-Damietta railway upgrade - 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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":643139,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/transport-ministry-to-issue-global-tender-for-electric-signaling-system-on-tanta-damietta-railway\/","url_meta":{"origin":592658,"position":1},"title":"Transport Ministry to issue global tender for electric signaling system on Tanta-Damietta railway","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"The Transport Ministry is planning to issue a global tender to set up an electric signaling system on the 170 km Tanta-Damietta railway, General Manager of Strategy and Investment Projects at the Egyptian National Railways, Mohamed Mahmoud, tells Al Mal. The project is expected to cost USD 170 mn, at\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":654601,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/05\/railway-authority-to-launch-tender-for-tanta-damietta-line-development-next-year\/","url_meta":{"origin":592658,"position":2},"title":"Railway authority to launch tender for Tanta-Damietta line development next year","author":"enterpriseam admin","date":"5 November 2024","format":false,"excerpt":"The upgrades involve double-tracking a 65-km stretch of the 118 km line and installing an automated signaling system","rel":"","context":"In &quot;Transport&quot;","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/326.jpg?fit=%2C&ssl=1&resize=350%2C200","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":592658,"position":3},"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":622619,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/finance-ministry-to-receive-usd-150-mn-loan-from-ebrd-for-damietta-mansoura-freight-line\/","url_meta":{"origin":592658,"position":4},"title":"Finance Ministry to receive USD 150 mn loan from EBRD for Damietta-Mansoura freight line","author":"enterpriseam admin","date":"8 October 2018","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) has agreed to give the Finance Ministry a USD 150 mn loan to finance the automation of the signaling system on the Damietta-Mansoura cargo railway line, Minister Hisham Arafat said, Al Shorouk reports. No further details were provided, but Arafat said that\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":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":592658,"position":5},"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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