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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Egypt : € 150,000,000
    Telecom : € 150,000,000
    Signature date(s)
    7/12/2021 : € 150,000,000

    Summary sheet

    Release date
    29 March 2022
    Status
    Reference
    Signed | 07/12/2021
    20190595
    Project name
    Promoter - financial intermediary
    MOBILE BROADBAND ROLLOUT (EGYPT)
    TELECOM EGYPT SAE
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 554 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the coverage and capacity expansion of the Promoter's 4G broadband network which will consist of the deployment of around 2 000 new sites to improve coverage in selected regions, as well as investments to upgrade the mobile core network.

    The project will strengthen the Promoter's mobile broadband network and services and will improve the market competitiveness and the affordability and quality of mobile broadband services for consumers and businesses in Egypt.

    Environmental aspects
    Procurement

    The project concerns the deployment of around 2 000 new mobile base stations, most of them in newly built towers and rooftop sites, as well as investments in the upgrade and capacity expansion of the Promoter's 4G mobile core network. If the project were located within the EU, the project would not require a mandatory environmental impact assessment (EIA), as it does not fall under Annex I or II of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU. With respect to the Egyptian EIA law (Law for the Protection of the Environment - Law 4/1994, as amended by Law 9/2009), mobile network site projects are mentioned as an example of "category A" project in the guidelines for the EIA process. Projects classified as "category A" projects are considered to have low environmental impacts, so they just require a simplified environmental assessment. Full environmental details will be assessed during appraisal.

    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.

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    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) - MOBILE BROADBAND ROLLOUT (EGYPT)
    Publication Date
    1 Apr 2022
    Document language
    Main Topic
    Lending
    Document Number
    95828779
    Document Focus
    Environmental Information
    Project Number
    20190595
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

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    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.
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