Date de publication: 21 octobre 2019
Promoteur – Intermédiaire FinancierEGYPTIAN NATIONAL RAILWAY
The project will finance the upgrading of the 118 km Tanta-El Mansoura-Damietta railway line, which includes the doubling of the section El Mansoura-Damietta (65 km), the re-signaling of the whole line and possibly ancillary investments in railway stations, a freight yard and a freight link to Damietta port.
The project aims at filling crucial gaps in the Egyptian Railway sector, which has seen prolonged periods of underinvestment leading to fully used capacity. The connection between the Damietta Port, which is one of the most important ports in Egypt for cargo, passing through the El Mansoura area with a high population density to Tanta is a key traffic corridor in the Nile Delta providing the wider Cairo area with transport services. The railway sector has been identified as a key priority by the Egyptian Authorities under the national investment plan. The EU and Egypt as key partners will cooperate in advancing socio-economic goals set out in Egypt's "Sustainable Development Strategy Vision 2030" with a view to build a stable and prosperous Egypt.
- Transports - Transports et entreposage
Garantie au titre du MPE
This operation is covered by the ELM Guarantee.
Montant BEI envisagé (montant approximatif)
EUR 290 million
Coût total (montant approximatif)
EUR 581 million
The project is expected to be implemented mainly within the existing right of way. If located in the EU, the project would fall under Annex I of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU and therefore be subject to EIA. The potential impact on any conservation areas will also need to be appraised. The compliance of the procedures in place with the EIB environmental and social standards will be analysed during the appraisal.
Passation des marchés
It is required that the promoter ensures that implementation of the project will be done in accordance with the EIB's Guide to Procurement.
Approuvé - 17/11/2021