Original disclosure @ EIB website
Updated in EWS Jun 16, 2020
Disclosed by Bank Mar 23, 2020
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According to bank provided information, the project consists of a framework loan to cover urban rail schemes in cities across Egypt, in particular investments in the rehabilitation and expansion of metro and tram systems in Alexandria and Cairo.
The aim is to finance large public transport projects in the cities of Alexandria and Cairo in Egypt, over the next 5 years. Transport in both cities is heavily reliant on road transport, resulting in high levels of pollution, traffic accidents and GHG emissions. Furthermore, the urban road network cannot cope with demand given the size of the cities, leading to widespread transport congestion and constraining economic development.
*Contact information not provided at the time of disclosure*
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