{"id":595094,"date":"2019-09-16T03:40:38","date_gmt":"2019-09-16T03:40:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/"},"modified":"2019-09-16T03:40:38","modified_gmt":"2019-09-16T03:40:38","slug":"nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/","title":{"rendered":"NBE issues EGP 1.75 bn letters of guarantees for monorail projects"},"content":{"rendered":"

The National Bank of Egypt (NBE) issued six letters of guarantee worth EUR 64.9 mn (EGP 1.75 bn) to a consortium made up of Bombardier Transportation, Orascom Construction, and Arab Contractors for the 54 km monorail project, according to Al Shorouk<\/a>. The credit facilities will be issued in two tranches, the first worth EUR 37.647 mn for the new administrative capital segment of the monorail, and the second worth EUR 27.211 mn for the 6th of October portion. The consortium signed a contract last month<\/a> with the National Authority for Tunnels in Cairo worth more than USD 4.5 bn to work on two planned monorail lines. The government is currently seeking an additional USD 2.5 bn loan<\/a> from European institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Egypt (NBE) issued six letters of guarantee worth EUR 64.9 mn (EGP 1.75 bn) to a consortium made up of Bombardier Transportation, Orascom Construction, and Arab Contractors for the 54 km monorail project, according to Al Shorouk. The credit facilities will be issued in two tranches, the first worth EUR 37.647 […]<\/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":[7278],"tags":[833,3673,72,7111,248,875,363,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595094","post","type-post","status-publish","format-standard","hentry","category-infrastructure","tag-arab-contractors","tag-bombardier","tag-enterpriseam","tag-infrastructure","tag-national-bank-of-egypt","tag-new-administrative-capital","tag-orascom-construction","tag-transport","wpautop","entry"],"acf":{"mongo_id":"1dbeaf96-85ff-4892-9804-d8d65ce018c9","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[595070],"teaser":"","voice_url":""},"yoast_head":"\nNBE issues EGP 1.75 bn letters of guarantees for monorail projects - 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\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE issues EGP 1.75 bn letters of guarantees for monorail projects\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) issued six letters of guarantee worth EUR 64.9 mn (EGP 1.75 bn) to a consortium made up of Bombardier Transportation, Orascom Construction, and Arab Contractors for the 54 km monorail project, according to Al Shorouk. The credit facilities will be issued in two tranches, the first worth EUR 37.647 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-16T03:40:38+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\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE issues EGP 1.75 bn letters of guarantees for monorail projects\",\"datePublished\":\"2019-09-16T03:40:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/\"},\"wordCount\":123,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Arab Contractors\",\"Bombardier\",\"EnterpriseAM\",\"infrastructure\",\"National Bank of Egypt\",\"new administrative capital\",\"Orascom Construction\",\"transport\"],\"articleSection\":[\"Infrastructure\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/nbe-issues-egp-1-75-bn-letters-of-guarantees-for-monorail-projects\/\",\"name\":\"NBE issues EGP 1.75 bn letters of guarantees for monorail projects - 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