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        AIR TRAFFIC CONTROL UPGRADE EGYPT

        Signature(s)

        Amount
        € 50,000,000
        Countries
        Sector(s)
        Egypt : € 50,000,000
        Promet : € 50,000,000
        Signature date(s)
        22/12/2013 : € 50,000,000

        Summary sheet

        Release date
        16 May 2012
        Status
        Reference
        Signed | 22/12/2013
        20120004
        Project name
        Promoter - financial intermediary
        AIR TRAFFIC CONTROL UPGRADE EGYPT
        National Air Navigation Services Company
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 50 million
        EUR 101 million
        Location
        Sector(s)
        Description
        Objectives

        The project consists of the upgrade of the Egyptian air traffic control facilities.

        The project would enhance safety, efficiency and reliability within Egyptian airspace in line with international ICAO (International Civil Aviation Organisation) and EU standards and address the forecasted air traffic growth in Egypt until 2020

        Environmental aspects
        Procurement

        The project is not expected to have any significant negative environmental and social impact. The project’s compliance with all relevant EU and national environmental legislation will be verified during appraisal

        The Bank will require the Promoter to tender contracts for the implementation of the project in accordance with the Bank's guide to procurement, with publication of tender notices in the EU Official Journal, as and where appropriate. The procurement procedures will be monitored by the Bank

        Comments

        This operation is covered by the EU Guarantee for EIB loans outside the EU.

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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