Original disclosure @ EIB website
Updated in EWS Nov 30, 2021
Disclosed by Bank Oct 21, 2019
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According to bank provided information, the the project will finance the upgrading of the 118 km Tanta-El Mansoura-Damietta railway line, which includes the doubling of the section El Mansoura-Damietta (65 km), the re-signaling of the whole line and possibly ancillary investments in railway stations, a freight yard and a freight link to Damietta port.
The project aims at filling crucial gaps in the Egyptian Railway sector, which has seen prolonged periods of underinvestment leading to fully used capacity. The connection between the Damietta Port, which is one of the most important ports in Egypt for cargo, passing through the El Mansoura area with a high population density to Tanta is a key traffic corridor in the Nile Delta providing the wider Cairo area with transport services.
The railway sector has been identified as a key priority by the Egyptian Authorities under the national investment plan. The EU and Egypt as key partners will cooperate in advancing socio-economic goals set out in Egypt's "Sustainable Development Strategy Vision 2030" with a view to build a stable and prosperous Egypt.
*Contact information not provided at the time of disclosure*
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