Renovation of Alexandria’s Tramline to Begin in Early 2021: NAT

The National Authority for Tunnels (NAT) will begin transforming Alexandria's El Raml tramway network – the oldest tram system in Africa and one of the oldest in the world – into a metro line worth EUR 360 mn (EG ...

EIB Nods EUR 1.9 bn Loan for Egypt’s Public Transport, SMEs

The European Investment Bank (EIB) has agreed to provide EUR 1.9 bn (EGP 34.7 bn) in financing to support the development of Egypt's public transportation and back investment by COVID-hit companies, namely small- ...

EIB Endows EUR 122.7 mn for Egypt’s Sanitation, Transport Sectors

Egypt has approved three funding agreements with the European Investment Bank (EIB) to finance local sanitation and transportation sectors at a combined value of EUR 122.7 mn (EGP 2.23 bn).

EIB Eyes EUR 90 mn Loan to Refine Tanta-Damietta Railway

The European Investment Bank (EIB) considers extending an EUR 90 mn loan to refine the Tanta-Mansoura-Damietta rail line, which is currently undertaken by the Egyptian government at costs amounted to EUR 193 mn.

Gov’t Implements EGP 473 mn Water Projects in Ismailia

Egypt’s housing ministry is implementing five new potable water and sanitation projects in Ismailia Governorate, with investments worth EGP 473 mn, aiming to suffice 260,000 locals.

Six Provinces to See EGP 113.3 mn Infrastructure Development Projects

Prime Minister Mostafa Madbouly has witnessed the signing of six agreements for implementing multiple labor-intensive infrastructure projects, aimed at developing six different provinces across Egypt, with investm ...

EIB Plans to Finance NAC’s Monorail Project

The European Investment Bank (EIB) eyes financing the monorail project that will link Greater Cairo to the New Administrative Capital (NAC).

Egypt, EIB Ink EUR 214 mn Deal for Sanitation Services in Nile Delta

Egypt and the European Investment Bank (EIB) signed on October 17 an EUR 214 mn deal to support the Kitchener Drain depollution project, out of total financing worth EUR 400 mn

EIB to Invest EUR 32 mn in Kafr El-Sheikh’s Infrastructure Sector

Egypt signed two grants worth EUR 32 mn with the European Investment Bank (EIB) on September 13 for infrastructure projects in the Nile Delta governorate of Kafr El-Sheikh

EIB Calls on Private Sector to Push Investments in Egypt

Minister of Investment and International Cooperation Sahar Nasr emphasizes Egypt’s keenness to enhance cooperation with the European Investment Bank (EIB) in the upcoming period, announcing a- EUR 381.4 mn- MoU with ...

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