{"id":631551,"date":"2018-03-21T04:17:56","date_gmt":"2018-03-21T04:17:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/nat-to-ink-usd-1-2-bn-loan-agreement-for-10-ramadan-salam-train-next-month\/"},"modified":"2018-03-21T04:17:56","modified_gmt":"2018-03-21T04:17:56","slug":"nat-to-ink-usd-1-2-bn-loan-agreement-for-10-ramadan-salam-train-next-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/nat-to-ink-usd-1-2-bn-loan-agreement-for-10-ramadan-salam-train-next-month\/","title":{"rendered":"NAT to ink USD 1.2 bn loan agreement for 10 Ramadan-Salam train next month"},"content":{"rendered":"

The National Authority for Tunnels (NAT) will sign next month a USD 1.2 bn loan agreement with the Export-Import Bank of China <\/strong>to build an electric rail line linking Salam City with Tenth of Ramadan City and the new administrative capital, the authority\u2019s planning chief Tarek Abul Wafa tells Al Borsa<\/a>. The bank was initially set to cover USD 739 mn of the cost, with the Egyptian state picking up the rest. However, China Exim recently agreed to NAT\u2019s request to cover the full cost<\/a>of the project by adding another USD 500 mn tranche, according to Abul Wafa. NAT signed an agreement<\/a> with China\u2019s AVIC in August last year to deliver the rail line\u2019s communication and signaling system, as well as to manufacture and supply 20 locomotives. A consortium of Egyptian construction firms<\/a>, including Petrojet, Arab Contractors, and Orascom Construction, will carry out infrastructure works for the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Authority for Tunnels (NAT) will sign next month a USD 1.2 bn loan agreement with the Export-Import Bank of China to build an electric rail line linking Salam City with Tenth of Ramadan City and the new administrative capital, the authority\u2019s planning chief Tarek Abul Wafa tells Al Borsa. The bank was initially […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631551","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"24793d3d-d905-4ee6-b2f7-cc40f8460428","order":"0","is_powered_by":true,"section_story_id":"aeea8c4a-0fd4-45dc-b8d4-9fa7752b182f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631537],"teaser":"","voice_url":""},"yoast_head":"\nNAT to ink USD 1.2 bn loan agreement for 10 Ramadan-Salam train next month - 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\/2018\/03\/21\/nat-to-ink-usd-1-2-bn-loan-agreement-for-10-ramadan-salam-train-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NAT to ink USD 1.2 bn loan agreement for 10 Ramadan-Salam train next month\" \/>\n<meta property=\"og:description\" content=\"The National Authority for Tunnels (NAT) will sign next month a USD 1.2 bn loan agreement with the Export-Import Bank of China to build an electric rail line linking Salam City with Tenth of Ramadan City and the new administrative capital, the authority\u2019s planning chief Tarek Abul Wafa tells Al Borsa. 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