Egypt National and Regional Economic Corridors (WB-P177932)

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.
Financial Institutions
  • World Bank (WB)
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
A
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
Sep 29, 2022
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
Government of Egypt
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Law and Government
  • 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)
$ 400.00 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.
Loan Amount (USD)
$ 400.00 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.
Project Cost (USD)
$ 998.00 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.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 11, 2024

Disclosed by Bank Oct 5, 2021

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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.

According to bank documents, the project objective is to improve the performance and lower the greenhouse gas emissions of the logistics and railway sectors in the Alexandria-6th October-GCA railway corridor and generate private sector participation in railway transport in Egypt.

  1. Component 1. Railway Sector Reform, Project Delivery, Institutional and Human Resource Development:

    1. Subcomponent 1.1. Advancing railway sector reform through technical studies: (a) developing a clear and transparent railway infrastructure access charging (IAC) regime for the Egyptian railway network, determining the specific charges to be paid for access and use of infrastructure by public and private railway operators, and the supporting contractual arrangements; (b) defining the detailed scope and responsibilities of the railway regulator and associated governance framework, including the infrastructure access charge contract; and (c) identifying and developing further railfriendly policies to increase traffic on the rail network.

  2. Component 2. Securing private sector participation (PSP) for last mile connectivity railway links, freight terminals and/or acquisition of freight wagons, etc.

    1. Subcomponent 2.1. Structuring and detailing of private sector participation in the construction of last mile connectivity to the main ENR network, hook-and-haul traction services, leasing/purchase of wagons, operation of dedicated marshaling yards (“transfer points”), and so on.

    2. Subcomponent 2.2. Identifying and implementing specific opportunities for private sector participation in growing railway traffic, including multimodal transport.

  3. Component 3. Decarbonization and Green Financing. Subcomponent 3.1 Technical assistance (US$ [1] million) for developing a decarbonization roadmap for the ENR by (a) assessing Egypt’s railway network against its techno-economic suitability to be electrified, to be operated with hydrogen-powered trains, and/or to be operated with battery-powered trains; (b) determining the best decarbonization approach (track electrification, hydrogen, batteries, or hybrid) for each of Egypt’s main railway corridors, (c) exploring synergies with parallel decarbonization plans in Egypt’s related sectors (for example, power, industry, shipping, aviation, and so on); (d) providing preliminary cost estimates (for example, for new/retrofitted infrastructure and rolling stock) and estimate potential benefits (for example, reduced air pollution and public health); and (e) making recommendations to the ENR on short-term, mid-term, and long-term actions to be considered to achieve full decarbonization over the coming decades.

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

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.

World Bank:
Arturo Ardila Gomez, Hisham Mahmoud Fouad, Salma Hany Adly Abdelfattah Ibrahim
Lead Infrastructure Specialist

Borrower:
Ministry of Finance, Egypt
Arab Republic of Egypt- Ministry of International Cooperation
Dr. Mohamed Abdel Gawad Allam
Minister Plenipotentiary (Commercial), Head of Sector
mgawad@moic.gov.eg

Nefret Zakaria Haroon
Manager of World Bank Portfolio
nharoon@moic.gov.eg

Implementing Agencies:
Ministry of Transport, Egypt
Enas Mostafa
Responsible for International Cooperation|
ons.kreaza.13@gmail.com

Eng. Wael El Shahed,
Advisor to the Minister of Transport for Investment Project
waelelshahed11@yahoo.com

Egyptian National Railways - Ministry of Transport
ENG. MUSTAFA ABDEL LATIF ABU AL-MAKAREM
Chairman
chairmanoffice@enr.gov.eg

Ghada Hamed
Project Coordinator
eng.ghadahamed@gmail.com 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission 

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint 

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How it works