{"id":634266,"date":"2018-01-10T04:02:16","date_gmt":"2018-01-10T04:02:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/"},"modified":"2018-01-10T04:02:16","modified_gmt":"2018-01-10T04:02:16","slug":"transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/","title":{"rendered":"Transport Ministry in talks for USD 220-230 mn loan to finance railway upgrades"},"content":{"rendered":"<p>The Transport Ministry is in talks with international funding institutions to secure a USD 220-230 mn loan needed to complete railway track upgrades USD 40 mn of that amount will be used to purchase new equipment needed for the project, <a href=\"http:\/\/www.almalnews.com\/Story\/360009\/58\/%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D8%AC%D9%87%D8%A7%D8%AA-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-230-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\">sources tell Al Mal<\/a>. The ministry has already completed work on 200 km of a total 1,200 km of rail being upgraded under an expansive development program for the sector that\u2019s expected to take 3-5 years and cost around EGP 44.6 bn to complete. The ministry is <a href=\"http:\/\/www.almalnews.com\/Story\/360006\/58\/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D8%AE%D8%A7%D8%B7%D8%A8-10-%D9%85%D9%83%D8%A7%D8%AA%D8%A8-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D9%84%D8%A5%D8%B9%D8%AF%D8%A7%D8%AF-%D9%85%D9%88%D8%A7%D8%B5%D9%81%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%B9%D9%84%D9%82\">also in talks<\/a> with 10 global consultancy firms who are expected to participate in the bid for the new railway project connecting Ain Sokhna, with the new administrative capital, 6 October City, and Alamein, as well as the <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/21\/intl-tender-for-monorail-is-bombardier-out\/\">35 km 6 October-Giza monorail<\/a>. The Transport Ministry had <a href=\"https:\/\/enterprise.press\/\">decided this week<\/a> to hike railway tickets by 20-25% to help boost sector revenues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Transport Ministry is in talks with international funding institutions to secure a USD 220-230 mn loan needed to complete railway track upgrades USD 40 mn of that amount will be used to purchase new equipment needed for the project, sources tell Al Mal. The ministry has already completed work on 200 km of a [&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":[2370,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634266","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6711cfe2-75f3-4bb2-9d65-8e772b404cd0","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Transport Ministry in talks for USD 220-230 mn loan to finance railway upgrades","related_issue":[634232],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.740fc925-4993-4e7b-aa0e-3630b6a52b28.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>Transport Ministry in talks for USD 220-230 mn loan to finance railway upgrades - 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\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transport Ministry in talks for USD 220-230 mn loan to finance railway upgrades\" \/>\n<meta property=\"og:description\" content=\"The Transport Ministry is in talks with international funding institutions to secure a USD 220-230 mn loan needed to complete railway track upgrades USD 40 mn of that amount will be used to purchase new equipment needed for the project, sources tell Al Mal. The ministry has already completed work on 200 km of a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-10T04:02:16+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\/2018\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Transport Ministry in talks for USD 220-230 mn loan to finance railway upgrades\",\"datePublished\":\"2018-01-10T04:02:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/\"},\"wordCount\":154,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/\",\"name\":\"Transport Ministry in talks for USD 220-230 mn loan to finance railway upgrades - 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The negotiations will likely wrap up within five\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":630100,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/transport-ministry-looking-to-borrow-eur-50-55-mn-for-abu-qir-alexandria-rail-line-upgrade\/","url_meta":{"origin":634266,"position":1},"title":"Transport Ministry looking to borrow EUR 50-55 mn for Abu Qir-Alexandria rail line upgrade","author":"enterpriseam admin","date":"11 April 2018","format":false,"excerpt":"The Transport Ministry is in talks with international finance institutions for a EUR 50-55 mn loan to finance upgrades to the 22-km Abu Qir-Alexandria rail line, sources tell Al Mal. The European Bank for Reconstruction and Development is reportedly among the banks the ministry is speaking to. After the upgrades,\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":643139,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/transport-ministry-to-issue-global-tender-for-electric-signaling-system-on-tanta-damietta-railway\/","url_meta":{"origin":634266,"position":2},"title":"Transport Ministry to issue global tender for electric signaling system on Tanta-Damietta railway","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"The Transport Ministry is planning to issue a global tender to set up an electric signaling system on the 170 km Tanta-Damietta railway, General Manager of Strategy and Investment Projects at the Egyptian National Railways, Mohamed Mahmoud, tells Al Mal. The project is expected to cost USD 170 mn, at\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":623152,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/govt-in-talks-with-financiers-for-usd-250-mn-loan-to-double-track-railways\/","url_meta":{"origin":634266,"position":3},"title":"Gov\u2019t in talks with financiers for USD 250 mn loan to double-track railways","author":"enterpriseam admin","date":"22 October 2018","format":false,"excerpt":"The Transport Ministry is in talks with institutions including the European Bank for Reconstruction and Development (EBRD) for a USD 250 mn loan to double-track several key railway lines, a source told Al Mal. According to the source, studies on the lines concluded that adding a second track would be\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":649247,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/transportation-ministry-targeting-completing-railway-renovations-within-30-months\/","url_meta":{"origin":634266,"position":4},"title":"Transportation Ministry targeting completing railway renovations within 30 months","author":"enterpriseam admin","date":"26 April 2017","format":false,"excerpt":"The Transportation Ministry is looking to complete renovating 1,200 km of railway in the next 30 months, Transportation Minister Hisham Arafat said, Al Mal reports. On a related note, the ministry is also currently in talks with the European Bank for Reconstruction and Development for a EUR 300 mn loan\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":642861,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/transport-ministry-talks-rail-upgrades-with-h-cegielski-bombardier\/","url_meta":{"origin":634266,"position":5},"title":"Transport Ministry talks rail upgrades with H. Cegielski, Bombardier","author":"enterpriseam admin","date":"23 August 2017","format":false,"excerpt":"Transport Minister Hisham Arafat discussed railway upgrades with a delegation from Poland\u2019s H. Cegielski \u2013 Pozna\u0144 S.A. and Bombardier\u2019s Italian arm, Al Mal reports. Cegielski is reportedly looking to manufacture new locomotives locally and provide training for workers in the field. 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