{"id":602054,"date":"2019-03-18T04:04:29","date_gmt":"2019-03-18T04:04:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypt-in-talks-with-unnamed-foreign-lenders-for-usd-2-bn-loan-for-transport-projects\/"},"modified":"2019-03-18T04:04:29","modified_gmt":"2019-03-18T04:04:29","slug":"egypt-in-talks-with-unnamed-foreign-lenders-for-usd-2-bn-loan-for-transport-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypt-in-talks-with-unnamed-foreign-lenders-for-usd-2-bn-loan-for-transport-projects\/","title":{"rendered":"Egypt in talks with unnamed foreign lenders for USD 2 bn loan for transport projects"},"content":{"rendered":"

<\/a> Egypt is in talks with unnamed foreign lenders for a USD 2 bn loan to fund new transport projects<\/b>, Investment Minister Sahar Nasr said yesterday, according to a ministry statement (pdf)<\/a><\/u>. Nasr met with newly appointed Transport Minister Kamel El Wazir to discuss financing for the Transport Ministry\u2019s planned infrastructure upgrades and other projects. Among the top priority projects is completing the development of Egypt\u2019s railway, including the automation of signaling systems and the purchase of new locomotives. The World Bank had approved late last year<\/a><\/u> a USD 3 bn loan to finance projects in the transport and other sectors, in addition to a separate USD 500 mn in loans for railway development projects.<\/p>\n

Separately, Egypt is in negotiations with the World Bank for a USD 200 mn loan to fund welfare programs<\/b> and the state\u2019s new subsidy scheme, government sources told the domestic press<\/a><\/u>. The bank offered Egypt a USD 500 mn loan<\/a><\/u> to support its Takaful and Karama cash-subsidy programs at the end of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt is in talks with unnamed foreign lenders for a USD 2 bn loan to fund new transport projects, Investment Minister Sahar Nasr said yesterday, according to a ministry statement (pdf). Nasr met with newly appointed Transport Minister Kamel El Wazir to discuss financing for the Transport Ministry\u2019s planned infrastructure upgrades and other projects. Among […]<\/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":[7106,72,213,190,2380,207,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602054","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-enterpriseam","tag-infrastructure-watch","tag-social-welfare","tag-speed-round","tag-transport","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"dbbafe9e-6125-430b-926a-3e8d3d8d6137","is_powered_by":true,"section_story_id":"16aa5fbe-72cc-4967-8c85-326cc392dec6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602047],"teaser":"","voice_url":""},"yoast_head":"\nEgypt in talks with unnamed foreign lenders for USD 2 bn loan for transport 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\/03\/18\/egypt-in-talks-with-unnamed-foreign-lenders-for-usd-2-bn-loan-for-transport-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in talks with unnamed foreign lenders for USD 2 bn loan for transport projects\" \/>\n<meta property=\"og:description\" content=\"Egypt is in talks with unnamed foreign lenders for a USD 2 bn loan to fund new transport projects, Investment Minister Sahar Nasr said yesterday, according to a ministry statement (pdf). Nasr met with newly appointed Transport Minister Kamel El Wazir to discuss financing for the Transport Ministry\u2019s planned infrastructure upgrades and other projects. 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citing\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":594143,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/islamic-development-bank-launches-usd-500-mn-fund-for-egyptian-startups\/","url_meta":{"origin":602054,"position":2},"title":"Islamic Development Bank launches USD 500 mn fund for Egyptian startups","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"Islamic Development Bank launches USD 500 mn fund for Egyptian startups: The Islamic Development Bank (IsDB) has set up a USD 500 mn fund to support youth-led startups through the Investment Ministry\u2019s Egyptian Entrepreneurship Investment Company (Egypt Ventures) and ministry-supported startup accelerator Falak, according to an Investment Ministry statement. 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The Transport Ministry is currently looking into AFC\u2019s proposal, but the two sides have not\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/36.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568341,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/more-world-bank-railway-funding\/","url_meta":{"origin":602054,"position":4},"title":"More World Bank railway funding?","author":"enterpriseam admin","date":"27 December 2020","format":false,"excerpt":"The Transport Ministry is in talks with the World Bank for two loans worth a combined USD 400 mn for a planned railway upgrade project, Al Shorouk reports, citing unnamed government sources. The potential funding packages would include USD 200 mn to finance the transition to an electric railway signaling\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/440.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562491,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/third-tranche-of-jpmorgan-railway-loan-coming-soon-nbe-seeks-usd-1-bn-syndicated-loan-for-debt-refinance\/","url_meta":{"origin":602054,"position":5},"title":"Third tranche of JPMorgan railway loan coming soon + NBE seeks USD 1 bn syndicated loan for debt refinance","author":"enterpriseam admin","date":"26 May 2021","format":false,"excerpt":"Egypt could get the third USD 335 mn tranche of a JPMorgan loan to finance the construction of two monorail lines within four months, according to a report in Al Mal\u2019s print edition this morning that cites unnamed sources. 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