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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Egypt : € 75,000,000
    Transport : € 75,000,000
    Signature date(s)
    1/12/2016 : € 75,000,000

    Summary sheet

    Release date
    5 October 2015
    Status
    Reference
    Signed | 01/12/2016
    20130638
    Project name
    Promoter - financial intermediary
    CAIRO METRO LINE 2 ROLLING STOCK
    NATIONAL AUTHORITY FOR TUNNELS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 75 million
    EUR 187 million
    Location
    Sector(s)
    Description
    Objectives

    Purchase of additional rolling stock to improve services on line 2 of the Cairo metro, to alleviate traffic congestion and promote public transport in urban greater Cairo

    The project is fully in line with the strategic objectives set for the Bank's external lending mandate since it will ensure continuous operation of the metro, an important social and economic infrastructure supporting Cairo's urban development, and also contribute to climate change mitigation, as greenhouse gas emissions per passenger are much lower for metro trips than for car trips.

    Environmental aspects
    Procurement

    If the project were located in the EU, the acquisition of new rolling stock would fall outside the scope of the Environmental Impact Assessment (EIA) Directive (2011/92/EU, as amended), as its construction will take place in the manufacturer's plants. This also applies to the implementation, meaning no EIA is required for the project.

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement. In particular, calls for international tenders will be published in the Official Journal of the European Union, in accordance with the Bank's Guide to Procurement. Procurement is expected to start in the second half of 2015.

    Under ELM Guarantee
    Comments

    This operation is covered by the ELM Guarantee.

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - CAIRO METRO LINE 2 ROLLING STOCK
    Publication Date
    2 Feb 2016
    Document language
    Main Topic
    Lending
    Document Number
    64475020
    Document Focus
    Environmental Information
    Project Number
    20130638
    Sector(s)
    Countries
    Publicly available
    Download now

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