{"id":641999,"date":"2017-08-03T03:54:02","date_gmt":"2017-08-03T03:54:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives\/"},"modified":"2017-08-03T03:54:02","modified_gmt":"2017-08-03T03:54:02","slug":"cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives\/","title":{"rendered":"Cabinet approves amendments to Auctions and Tenders Act, EUR 290 mn facility from EBRD for 100 new locomotives"},"content":{"rendered":"<p><strong>The Ismail government approved in principle yesterday amendments to the Auctions and <\/strong><strong>Tenders Act <\/strong>that would decentralize tender procedures and streamline the selection process for winning bids, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Council-of-Ministers-meeting-under-the-chairmanship-of-No.-83-Sherif-Ismail.aspx\">according to a Cabinet statement<\/a>. The amendments, <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/03\/government-to-issue-amendments-to-laws-to-regulate-public-spending\/\">which we took note of in June<\/a>, will promote two-stage tenders to give the government more options when choosing contractors and suppliers, while also curbing spending by placing restrictions on the amount bodies can pay out in a tender. The amendments will now be sent over to the House of Representatives for passage.<\/p>\n<p><strong>Cabinet also signed off on a EUR 290 mn facility from the European Bank for Reconstruction and Development<\/strong> (EBRD) to help finance the Egyptian National Railway\u2019s <a href=\"http:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=215608377b&e=c276a2f3e8\">purchase of 100 new locomotives<\/a>. Other key decisions include:<\/p>\n<ul type=\"disc\">\n<li>Granting preliminary approval to <strong>set up the Upper Egypt Development Authority<\/strong> to follow up on investments and projects;<\/li>\n<li>Sanctioning the establishment of the <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/25\/el-sisi-approves-establishing-golden-triangle-special-economic-zone\/\"><strong>Golden Triangle Special Economic Zone<\/strong><\/a><strong> Authority<\/strong>; <\/li>\n<li>Approving amendments to the<strong> Environment Law\u2019s executive regulations<\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Ismail government approved in principle yesterday amendments to the Auctions and Tenders Act that would decentralize tender procedures and streamline the selection process for winning bids, according to a Cabinet statement. The amendments, which we took note of in June, will promote two-stage tenders to give the government more options when choosing contractors and [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-641999","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"071fe714-16ce-40f6-93cc-5b31a5a4d7b0","order":"0","is_powered_by":true,"section_story_id":"c2f9570b-5d75-4c75-bf58-883b2e1e57ba","story_type":"1","photo_url":"","photo_position":"above","related_issue":[641981],"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>Cabinet approves amendments to Auctions and Tenders Act, EUR 290 mn facility from EBRD for 100 new locomotives - 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\/08\/03\/cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves amendments to Auctions and Tenders Act, EUR 290 mn facility from EBRD for 100 new locomotives\" \/>\n<meta property=\"og:description\" content=\"The Ismail government approved in principle yesterday amendments to the Auctions and Tenders Act that would decentralize tender procedures and streamline the selection process for winning bids, according to a Cabinet statement. The amendments, which we took note of in June, will promote two-stage tenders to give the government more options when choosing contractors and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-03T03:54:02+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\/2017\/08\/03\/cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet approves amendments to Auctions and Tenders Act, EUR 290 mn facility from EBRD for 100 new locomotives\",\"datePublished\":\"2017-08-03T03:54:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives\/\"},\"wordCount\":175,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/cabinet-approves-amendments-to-auctions-and-tenders-act-eur-290-mn-facility-from-ebrd-for-100-new-locomotives\/\",\"name\":\"Cabinet approves amendments to Auctions and Tenders Act, EUR 290 mn facility from EBRD for 100 new locomotives - 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The amendments would ban collusion in any form between competitors in any industry \u2014 including\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":595228,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/19\/madbouly-cabinet-approves-increasing-use-of-no-bid-contracts\/","url_meta":{"origin":641999,"position":1},"title":"Madbouly Cabinet approves increasing use of no-bid contracts","author":"enterpriseam admin","date":"19 September 2019","format":false,"excerpt":"CABINET WATCH- Madbouly Cabinet approves bundle of grants: The Madbouly Cabinet approved yesterday two USAID grants worth a combined USD 14 mn to support pre-natal care and science and technology funding, according to a cabinet statement on Wednesday. The ministers also approved a EUR 1.5 mn grant from the European\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":604622,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/","url_meta":{"origin":641999,"position":2},"title":"Cabinet likes amended Customs Act, Egypt to receive EUR 148 mn from EBRD","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"CABINET WATCH- Cabinet gives preliminary nod to Customs Act amendments: The Madbouly Cabinet has approved \u201cin principle\u201d amendments to the Customs Act, according to a statement. The amendments should create an expedited track for customs clearance, a \u2018whitelist\u2019 of trusted importers, and broaden the Customs Authority\u2019s discretion. The government is\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":630783,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/house-to-begin-plenary-hearings-on-auctions-and-tenders-act-this-week\/","url_meta":{"origin":641999,"position":3},"title":"House to begin plenary hearings on Auctions and Tenders Act this week","author":"enterpriseam admin","date":"1 March 2018","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives is expected to begin plenary discussions on the Auctions and Tenders Act next week, Ahram Gate reports. The House Budget Committee is reportedly completing its review on the law, which would decentralize tender procedures and streamline the selection process for winning bids as well\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":631553,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/tenders-and-auctions-act-income-tax-amendments-to-go-to-plenary-session-in-april\/","url_meta":{"origin":641999,"position":4},"title":"Tenders and Auctions Act, Income Tax amendments to go to plenary session in April","author":"enterpriseam admin","date":"21 March 2018","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives will discuss the Tenders and Auctions Act in a plenary session when it reconvenes in April, Planning and Budgeting Committee chair Hussein Issa tells Al Mal. The committee will put its \u201cfinal touches\u201d on the bill after the March presidential elections before it moves\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":567203,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/public-contracts-act-amendments-get-nod-from-egypts-cabinet\/","url_meta":{"origin":641999,"position":5},"title":"Public Contracts Act amendments get nod from Egypt\u2019s cabinet","author":"enterpriseam admin","date":"15 January 2020","format":false,"excerpt":"CABINET WATCH- Public Contracts Act amendments get nod from cabinet: The Madbouly cabinet has signed off on changes to the Public Contracts Act that allow the government to make payments it owes to contractors through FRA-licensed non-banking financial service providers, alongside the existing option of paying through banks, according to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/610.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\/641999","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=641999"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641999\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/641981"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=641999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=641999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=641999"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=641999"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=641999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}