{"id":669501,"date":"2025-08-04T00:00:00","date_gmt":"2025-08-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/04\/govt-allocates-egp-6-bn-for-first-phase-of-libya-chad-connection\/"},"modified":"2025-08-04T00:00:00","modified_gmt":"2025-08-04T00:00:00","slug":"govt-allocates-egp-6-bn-for-first-phase-of-libya-chad-connection","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/04\/govt-allocates-egp-6-bn-for-first-phase-of-libya-chad-connection\/","title":{"rendered":"Gov\u2019t allocates EGP 6 bn for first phase of Libya-Chad connection"},"content":{"rendered":"<p class=\"tag-border-left\">INFRASTRUCTURE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t earmarks EGP 6 bn <\/strong><strong>for land link with Libya, Chad: <\/strong>The Madbouly government has allocated EGP 6 bn for the first phase of a road project linking Egypt to Libya and Chad, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/92715\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AE%D8%B5%D8%B5-6-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%A3%D9%88%D9%84-%D9%85%D8%B1%D8%AD%D9%84%D8%A9-%D9%84%D9%84%D8%B1%D8%A8%D8%B7-%D8%A7%D9%84%D8%A8%D8%B1%D9%8A-%D8%A8%D9%84%D9%8A%D8%A8%D9%8A%D8%A7\/?utm_source=facebook&utm_medium=social&utm_campaign=asharq_business_egy_fb\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing a government official. Construction is set to begin in 3Q 2025 and take three years at an investment cost of EGP 24 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The road \u2014 also known as the East Oweinat-Kufra road \u2014 will stretch 1.7k km across the three countries: 400 km in Egypt, 390 km in Libya, and 930 km in Chad. The project aims to open a new land corridor to boost trade within African nations<\/p>\n<p class=\"tag-border-left\">DEBT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mountain View secures EGP <\/strong><strong>6.2 bn loan:<\/strong> Real estate developer Mountain View inked a EGP 6.2 bn loan agreement with a syndicate of six banks led by Banque Misr, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/73.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/73.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The 7-year loan will help the developer fund a key project in East Cairo, with a total value of EGP 14.4 bn. The financing was backed by QNB Alahli, Industrial Development Bank, United Bank, EG Bank, and Al Baraka Bank. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Mountain View secures EGP 6.2 bn loan<\/p>\n","protected":false},"author":1,"featured_media":669502,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,7106,72,7111,145],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-debt","tag-enterpriseam","tag-infrastructure","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"1e039639-7d74-4305-880e-c54e66665b9a","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/89.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt allocates EGP 6 bn for first phase of Libya-Chad connection","related_issue":[669480],"teaser":"PLUS- Mountain View secures EGP 6.2 bn loan","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.23b2f986-25ca-44e7-9a9f-a8735fcd8e76.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The authority currently owes EGP 100 bn to the central bank and EGP 150 bn in government loans. The ERA is projected to record nearly\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":595144,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/govt-to-build-seven-bridges-in-upper-egypt-at-a-cost-of-egp-9-4-bn\/","url_meta":{"origin":669501,"position":2},"title":"Gov\u2019t to build seven bridges in Upper Egypt at a cost of EGP 9.4 bn","author":"enterpriseam admin","date":"17 September 2019","format":false,"excerpt":"The government is currently building seven bridges on the Nile in Upper Egypt at a cost of EGP 9.4 bn, according to an announcement by Transport Minister Kamel El Wazir picked up by Zawya. El Wazir met with the board members of the European Bank for Construction and Development (EBRD)\u2026","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":585777,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/30\/govt-to-hand-out-another-egp-10-bn-in-export-subsidies\/","url_meta":{"origin":669501,"position":3},"title":"Gov\u2019t to hand out another EGP 10 bn in export subsidies","author":"enterpriseam admin","date":"30 April 2023","format":false,"excerpt":"The sixth phase of the program opens for applications in May","rel":"","context":"In &quot;Trade&quot;","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/950.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581776,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/23\/govt-to-offer-guaranteed-prices-for-farmers-plus-news-from-qatari-diar\/","url_meta":{"origin":669501,"position":4},"title":"Gov\u2019t to offer guaranteed prices for farmers. PLUS: News from Qatari Diar.","author":"enterpriseam admin","date":"23 February 2023","format":false,"excerpt":"COMMODITIES-Farmers to sell corn, soy and sunflower to gov\u2019t at guaranteed prices: Ministers approved yesterday setting price floors for corn, soybean and sunflower crops sold by farmers to the government, cabinet said in a statement. Following the decision, GASC will purchase soybeans at a minimum price of EGP 18k per\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/Egypt-farm-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573798,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/egypt-earmarks-egp-1-2-bn-in-financing-for-the-countrys-natgas-transition\/","url_meta":{"origin":669501,"position":5},"title":"Egypt earmarks EGP 1.2 bn in financing for the country\u2019s natgas transition","author":"enterpriseam admin","date":"18 August 2020","format":false,"excerpt":"Gov\u2019t, CBE lay down framework for EGP 1.2 bn on-lending program for the country\u2019s natgas transition: The Trade and Industry Ministry, the Central Bank of Egypt (CBE), and the MSME Development Agency are setting up a financing program through the country\u2019s banks to extend EGP 1.2 bn in low-interest loans\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/669501","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=669501"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/669501\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/669480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/669502"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=669501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=669501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=669501"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=669501"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=669501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}