{"id":594379,"date":"2019-10-28T04:07:21","date_gmt":"2019-10-28T04:07:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/"},"modified":"2019-10-28T04:07:21","modified_gmt":"2019-10-28T04:07:21","slug":"eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/","title":{"rendered":"EIB considers EUR 90 mn loan for Tanta-Damietta railway upgrade"},"content":{"rendered":"<p>The European Investment Bank (EIB) is looking at extending a EUR 90 mn loan to the government to upgrade the Tanta-Mansoura-Damietta railway line, <a href=\"https:\/\/www.eib.org\/en\/projects\/pipelines\/all\/20180764\">according to its website<\/a>. The project is expected to cost a total of EUR 193 mn, and involves double-tracking a 65 km stretch of line and installing an automated signaling system. It could also provide additional investment to renovate railway stations, and establish a new freight yard and railway link to Damietta port.<\/p>\n<p><b>In related news:<\/b> An unnamed US company has offered to finance and supply new safety equipment worth USD 45 mn to the Railway Authority, <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d9%86%d9%82%d9%84-%d8%aa%d8%af%d8%b1%d8%b3-%d8%b9%d8%b1%d8%b6%d8%a7-%d8%a3%d9%85%d8%b1%d9%8a%d9%83%d9%8a%d8%a7-%d9%84%d8%aa%d9%88%d8%b1%d9%8a%d8%af-%d9%85%d8%b9%d8%af%d8%a7\/\">a source told Al Mal<\/a>. The equipment would be used to detect faulty lines and conduct safety tests, and the company would provide the finance via a soft loan, the source said, without providing further details.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Investment Bank (EIB) is looking at extending a EUR 90 mn loan to the government to upgrade the Tanta-Mansoura-Damietta railway line, according to its website. The project is expected to cost a total of EUR 193 mn, and involves double-tracking a 65 km stretch of line and installing an automated signaling system. It [&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":[2370,204,72,7087,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594379","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-banking","tag-enterpriseam","tag-finance","tag-transport","wpautop","entry"],"acf":{"mongo_id":"eca6bb6f-72cc-45fc-90e7-58fd540124cd","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[594352],"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>EIB considers EUR 90 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\/10\/28\/eib-considers-eur-90-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=\"EIB considers EUR 90 mn loan for Tanta-Damietta railway upgrade\" \/>\n<meta property=\"og:description\" content=\"The European Investment Bank (EIB) is looking at extending a EUR 90 mn loan to the government to upgrade the Tanta-Mansoura-Damietta railway line, according to its website. The project is expected to cost a total of EUR 193 mn, and involves double-tracking a 65 km stretch of line and installing an automated signaling system. It [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-28T04:07:21+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\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EIB considers EUR 90 mn loan for Tanta-Damietta railway upgrade\",\"datePublished\":\"2019-10-28T04:07:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/\"},\"wordCount\":141,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"banking\",\"EnterpriseAM\",\"Finance\",\"transport\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/eib-considers-eur-90-mn-loan-for-tanta-damietta-railway-upgrade\/\",\"name\":\"EIB considers EUR 90 mn loan for Tanta-Damietta railway upgrade - 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The government is planning to issue a global tender early next year, the source said. We noted last week 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":569026,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/eib-to-support-infrastructure-projects-with-eur-123-mn-in-financing\/","url_meta":{"origin":594379,"position":1},"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":654601,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/05\/railway-authority-to-launch-tender-for-tanta-damietta-line-development-next-year\/","url_meta":{"origin":594379,"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":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":594379,"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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