Egypt - EIB Delegation

Egypt’s Ministry of Transport recently met with an EIB delegation to discuss cooperation in various transport related projects. The bank has expressed its desire to finance the linking of Cairo to the administrative capital (Monorail), with the possibility of increasing the estimated value in the case of financing Monorail for the city - 6 October. Joint financing for the project will be with the European Bank for Reconstruction and Development and UKEF UK.

Included in the project discussion:

  • the rehabilitation of the first line of the metro,
  • rehabilitation of the second line of the metro,
  • development of the tram for Alexandria,
  • the project of duplication and electrification of the Tanta / Mansoura / Damietta railway lines.

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