{"id":641096,"date":"2017-09-12T04:01:12","date_gmt":"2017-09-12T04:01:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/"},"modified":"2017-09-12T04:01:12","modified_gmt":"2017-09-12T04:01:12","slug":"transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/","title":{"rendered":"Transport Minister looks to the private sector to help it fund electric rail project"},"content":{"rendered":"<p>Transport Minister Hisham Arafat urged the Tenth of Ramadan Investors Association to participate in funding the electric railway project linking Salam City with the new administrative capital during a meeting with the association yesterday, <a href=\"https:\/\/alborsanews.com\/2017\/09\/11\/1050307\">Al Borsa reports<\/a>. Reports <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/\">had emerged last month<\/a> that the Transport Ministry is struggling to arrange its USD 500 mn share of the project\u2019s funding. The project has received around US 1.2 bn in funding thus far, after Egypt and China <a href=\"https:\/\/enterprise.press\/stories\/2017\/09\/06\/egypt-china-sign-three-mous-on-security-launching-new-satellite-electrical-rail-project\/\">signed last week a USD 739 mn funding agreement<\/a> for the first phase of the project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transport Minister Hisham Arafat urged the Tenth of Ramadan Investors Association to participate in funding the electric railway project linking Salam City with the new administrative capital during a meeting with the association yesterday, Al Borsa reports. Reports had emerged last month that the Transport Ministry is struggling to arrange its USD 500 mn share [&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-641096","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"1a3098a8-cd19-4b3a-997f-eec1b44add84","order":"0","is_powered_by":true,"section_story_id":"b7736a9c-8367-48ab-a2ce-9e49ed278dd9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[641058],"teaser":"","voice_url":""},"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 Minister looks to the private sector to help it fund electric rail 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\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transport Minister looks to the private sector to help it fund electric rail project\" \/>\n<meta property=\"og:description\" content=\"Transport Minister Hisham Arafat urged the Tenth of Ramadan Investors Association to participate in funding the electric railway project linking Salam City with the new administrative capital during a meeting with the association yesterday, Al Borsa reports. Reports had emerged last month that the Transport Ministry is struggling to arrange its USD 500 mn share [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-12T04:01:12+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Transport Minister looks to the private sector to help it fund electric rail project\",\"datePublished\":\"2017-09-12T04:01:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/\"},\"wordCount\":103,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/transport-minister-looks-to-the-private-sector-to-help-it-fund-electric-rail-project\/\",\"name\":\"Transport Minister looks to the private sector to help it fund electric rail project - 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The two institutions, along with the European Bank for Reconstruction (EBRD), have already committed to offering\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":643034,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/is-the-govt-struggling-to-fund-its-share-of-usd-1-25-bn-electric-railway-line\/","url_meta":{"origin":641096,"position":1},"title":"Is the gov\u2019t struggling to fund its share of USD 1.25 bn electric railway line?","author":"enterpriseam admin","date":"28 August 2017","format":false,"excerpt":"The Transport Ministry appears to be struggling to arrange USD 500 mn to fund the government\u2019s expenditure on the USD 1.25 bn electric railway project linking Salam City to 10 October City signed with Chinese firm AVIC. The ministry is now in talks with the company is an effort to\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":629280,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/transport-minister-meets-with-eib-to-talk-funding-for-egypts-transport-projects\/","url_meta":{"origin":641096,"position":2},"title":"Transport Minister meets with EIB to talk funding for Egypt\u2019s transport projects","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"Transport Minister Hisham Arafat met with a delegation from the European Investment Bank to talk funding packages for Egypt\u2019s transport projects, including a EUR 380 mn loan for the development of Cairo Metro Line 1, Al Mal reports. The loan comes as part of a EUR 600 mn agreement from\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":642090,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/transport-ministry-looking-to-fund-local-components-for-electrical-train-ahead-of-inking-usd-725-loan-agreement-with-china\/","url_meta":{"origin":641096,"position":3},"title":"Transport Ministry looking to fund local components for electrical train ahead of inking USD 725 loan agreement with China","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"The Transport Ministry is on the lookout for someone to fund the USD 500 mn venture to manufacture local components for its electric rail line project which will link Salam City with Tenth of Ramadan and the new administrative capital, Minister Hisham Arafat said on Saturday, Al Borsa reports. The\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":634266,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/transport-ministry-in-talks-for-usd-220-230-mn-loan-to-finance-railway-upgrades\/","url_meta":{"origin":641096,"position":4},"title":"Transport Ministry in talks for USD 220-230 mn loan to finance railway upgrades","author":"enterpriseam admin","date":"10 January 2018","format":false,"excerpt":"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. 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