EGYPT: The African Development Bank has approved a €145m loan to support reliability and capacity upgrading works as part of the Egypt National Railways Modernisation Project.
Rail’s share of the passenger market is predicted to increase from 8% to 15% and its share of the freight market from 6% to 10% respectively by 2029.
‘Safe, accessible, convenient and green transport systems will be crucial to achieving sustainable development’, said Minister of International Co-operation Dr Rania A Al-Mashat on April 6.
‘The improvement and expansion of Egypt’s rail system through the ENRMP allows for active mobility and enables the urban and rural development through an inter-modal linked system. Technology and innovation, and a robust commitment to public transport will all be vital components of building back better.’
