{"id":610811,"date":"2023-11-27T00:00:00","date_gmt":"2023-11-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/27\/this-evening-two-chinese-companies-are-loaning-us-usd-250-mn-for-the-lrt-project\/"},"modified":"2023-11-27T00:00:00","modified_gmt":"2023-11-27T00:00:00","slug":"this-evening-two-chinese-companies-are-loaning-us-usd-250-mn-for-the-lrt-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/27\/this-evening-two-chinese-companies-are-loaning-us-usd-250-mn-for-the-lrt-project\/","title":{"rendered":"THIS EVENING: Two Chinese companies are loaning us USD 250 mn for the LRT project"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends, and welcome to this manic Monday. <\/strong>We have a busy issue with you packed with some COP28 and AI updates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fresh funds for the LRT project from China:<\/strong> Chinese companies <a target=\"_blank\" href=\"https:\/\/www.avic-intl.cn\/\" style=\"\" rel=\"noopener\">Aviation<\/a><a target=\"_blank\" href=\"https:\/\/www.avic-intl.cn\/\" style=\"\" rel=\"noopener\">Industry Corporation of China<\/a> (AVIC) and China Railway Major Bridge Engineering Group will provide the National Authority for Tunnels (NAT) with a USD 250 mn soft loan to finance the fourth phase of Cairo\u2019s electric light rail train (LRT) project, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/ys8vkyd6\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing government officials it says are familiar with the matter. The two companies will round up the funds from international institutions and banks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Taking over international headlines today is still the Israel-Hamas temporary ceasefire.<\/strong>Previously set to end tomorrow morning, there are efforts to extend the truce after Hamas released another batch of hostages <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/838a7afe-ff26-40aa-91f4-6781e634c88f\" style=\"\" rel=\"noopener\">yesterday<\/a>. Both sides, as well as US President Joe Biden, seem open to the idea of an extension, if it means the exchange of more hostages and prisoners. Although Netanyahu \u2014 who welcomed a longer truce \u2014 said that after the pause Israel would still go about realizing their goals of \u201celiminating Hamas, ensuring that Gaza will not go back to being what it was,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-27\/pressure-grows-on-israel-to-prolong-cease-fire-in-war-with-hamas?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> notes. More on the story: <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2023\/11\/27\/israel-hamas-war-hostages-news-gaza-palestine\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/israel-hamas-war-gaza-strip-2023-11-21\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Price controls on sugar coming? <\/strong>Merchants <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3beef9d6-c136-477a-b76d-6f090390c3fe\" style=\"\" rel=\"noopener\">have 10 days to regulate skyrocketing sugar prices<\/a> before the Supply Ministry asks the cabinet to consider introducing price controls.<\/li>\n<li><strong>It\u2019s business as usual for our tourism sector, despite the Gaza war: <\/strong>Tourists <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b948aec-8dcc-44e0-89b4-81dbe56c2bda\" style=\"\" rel=\"noopener\">have continued to arrive in Egypt<\/a> in greater numbers than last year since the war in Gaza started seven weeks ago, defying pessimistic outlooks that accompanied the conflict.<\/li>\n<li><strong>Hassan Abdalla gets another year as CBE governor: <\/strong>President Abdel Fattah El Sisi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa8acfb9-bc85-4fd8-9c30-b13077d2c68d\" style=\"\" rel=\"noopener\">has reappointed Hassan Abdalla<\/a> as the governor of the Central Bank of Egypt for a second one-year term as part of a wider board shuffle.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n  <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>?\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Look for a high of 21\u00b0C during the day tomorrow and a drop to 14\u00b0C in the evening, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and welcome to this manic Monday. We have a busy issue with you packed with some COP28 and AI updates. THE BIG STORY TODAY Fresh funds for the LRT project from China: Chinese companies AviationIndustry Corporation of China (AVIC) and China Railway Major Bridge Engineering Group will provide the National Authority for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":610812,"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":[7213],"tags":[633,207,208,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-transport","tag-transport-ministry","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"a9adcef7-46f5-45bd-89e7-c418080997da","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2020\/10\/66.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[610809],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.04e80a94-2260-438c-853b-24e3593464b2.mp3"},"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>THIS EVENING: Two Chinese companies are loaning us USD 250 mn for the LRT project - 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\/2023\/11\/27\/this-evening-two-chinese-companies-are-loaning-us-usd-250-mn-for-the-lrt-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Two Chinese companies are loaning us USD 250 mn for the LRT project\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and welcome to this manic Monday. 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and mechanical systems","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1535.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":685919,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/08\/transport-ministry-moves-to-claw-back-land-value-gains-with-lrt-betterment-fees\/","url_meta":{"origin":610811,"position":1},"title":"Transport Ministry moves to claw back land value gains with LRT betterment fees","author":"enterpriseam admin","date":"8 March 2026","format":false,"excerpt":"Chinese loans of USD 345 mn and an EGP 1 bn betterment fee will lay down LRT tracks to Central Capital Station","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\/2026\/3\/371.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607195,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/this-evening-were-getting-usd-400-mn-from-china-eximbank-for-the-light-rail-transit-system\/","url_meta":{"origin":610811,"position":2},"title":"THIS EVENING: We\u2019re getting USD 400 mn from China Eximbank for the light rail transit system","author":"enterpriseam admin","date":"27 September 2023","format":false,"excerpt":"Happy THURSDAY-equivalent, ladies and gentlemen. We\u2019re in the last few hours of this abridged workweek as we head into a long weekend. And we\u2019re getting another long weekend next week, too: Next Thursday, 5 October will be a national holiday in observance of Armed Forces Day, which falls on Friday,\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/38.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609567,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/chinese-firms-eye-big-rail-infrastructure-contracts-in-egypt\/","url_meta":{"origin":610811,"position":3},"title":"Chinese firms eye big rail infrastructure contracts in Egypt","author":"enterpriseam admin","date":"7 November 2023","format":false,"excerpt":"A new high-speed rail line connecting Port Said and Abu Qir might be in the works","rel":"","context":"In \"Egyptian National Railways\"","block_context":{"text":"Egyptian National Railways","link":"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-national-railways\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/319.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607258,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/01\/china-to-lend-egypt-usd-400-mn-for-electric-light-rail-train\/","url_meta":{"origin":610811,"position":4},"title":"China to lend Egypt USD 400 mn for electric light rail train","author":"enterpriseam admin","date":"1 October 2023","format":false,"excerpt":"The Export-Import Bank of China (China Eximbank) is lending Egypt USD 400 mn to finance the third phase of the electric light rail train (LRT), Asharq Business reports, citing people it says have knowledge of the matter. The loan would finance completion of the delayed project, adding 20.4 km and\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/2.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":685375,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/19\/egypt-taps-china-exim-bank-for-cny-lrt-loan-to-bypass-usd-overreliance\/","url_meta":{"origin":610811,"position":5},"title":"Egypt taps China Exim Bank for CNY LRT loan to bypass USD overreliance","author":"enterpriseam admin","date":"19 February 2026","format":false,"excerpt":"The move is part of a larger move to diversify our creditor base away from banks\u2019 and Bretton Woods institutions\u2019 USD-centric financing options","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\/2026\/2\/1236.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610811","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=610811"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610811\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/610809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610812"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610811"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610811"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}