Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20130638
    Release date: 5 October 2015

    Promoter – Financial Intermediary

    NATIONAL AUTHORITY FOR TUNNELS

    Location

    Description

    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

    Objectives

    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.

    Comments

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

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 75 million

    Total cost (Approximate amount)

    EUR 187 million

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Signed - 1/12/2016

    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).

    Related tags

    Egypt Transport