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    Reference: 20160125
    Release date: 19 September 2018

    Promoter – Financial Intermediary

    NATIONAL AUTHORITY FOR TUNNELS

    Location

    Description

    The project consists of the rehabilitation of a 13.8-km long tram line in Alexandria, Egypt, including grade separating parts of the tracks as well as the purchase of new rolling stock.

    Objectives

    This project is foreseen to be part of the Economic Resilience Initiative (ERI) of the Bank aiming at reinforcing the economic resilience in the Southern Neighborhood countries and developing the economic and social infrastructure thus creating sustainable growth and job creation.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 300 million

    Environmental aspects

    The Bank requires the promoter to ensure, that the environmental and social procedures are in conformity with the applicable rules of the Bank.

    Procurement

    The Bank requires the promoter to ensure, that the procurement procedures are in conformity with the applicable procurement guidelines of the Bank.

    Status

    Under appraisal - 9/02/2018

    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