Early Warning System

Regions

Middle East and North Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Egypt

Geographic location where the impacts of the investment may be experienced.

Specific Location

Cairo

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jun 3, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

GoBus Company

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Infrastructure
Transport

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 12.42 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 616.9
Converted using 2025-06-03 exchange rate.

Loan Amount (USD)

$ 12.42 million

Project Cost (USD)

$ 17.49 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 10, 2025

Disclosed by Bank Jun 4, 2025

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of the provision of a senior loan of up to EGP 616.9 million (ca. EUR 10.6 million) to Go Bus to support the acquisition of: (i) up to 30 new buses to operate as part of their inter-city transportation services, (ii) up to 6 electric micro-buses for shorter routes and up to 3 EVs operating intracity.

The objective of the Project is to support Go Bus's operational expansion and fleet renewal through acquisition of modern buses for long-haul inter-city operation and electric vehicles for operation on shorter routes.

The EBRD loan is expected to be complemented by a EUR 600,000 grant from the Special Shareholders Fund to finance the electric vehicles, as part of the financing mix for this highly capital intensive investment plan. The Project supports the company's operational expansion and fleet renewal through acquisition of modern buses for long-haul inter-city operation and electric vehicles for operation on shorter routes.

The loan will be supported by an EU EFSD Guarantee and will benefit from a 10% first loss EFSD+ guarantee (net EU guarantee cover of 9.5%) under Municipal Infrastructure and Industrial Resilience guarantee program.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

As stated by the EBRD, the investment consists of a senior loan of up to EGP 616.9million, equivalent to around EUR 10.6 million, expected to be complemented by EUR 600,000 of grant funding from ERBD's Special Shareholder Fund.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, the Borrower is Go Bus, one of the leading private inter-city bus transportation companies in Egypt since 1998. Go Bus currently operates 26 routes throughout Egypt, including 16 originating from Cairo and leading to popular destinations such as Alexandria, the North Coast, Marsa Allam, Luxor and Dahab. Go Bus maintains a strong regional presence with 63 stations spread across various governorates and operates a fleet of more than 290 buses, serving approximately 2.5 million passengers annually. While inter-city transportation forms its core service, Go Bus also operates other revenue-generating lines of business. Notably, "Go Express" offers land shipping services on its buses, "Go Limo," a premium limousine service, operates a fleet of 39 vehicles. While "Go Mini" is a ride-hailing app providing fast, safe and budget-friendly inter-city transport solutions, serving an average of c. 75,000 passengers per month.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	GoBus for Transport SAE (GoBus Company)	Client	Transport

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - GoBus Company:

Milad Agaybe
Email: milad.agaybe@gobus-eg.com
Phone: +20 1287299999
Website: www.go-bus.com
Address: Plot n23, South Kattameya, Old Desert Road Cairo, Ein Sokhna Egypt

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html