EGYPT: The government has signed two loan agreements to fund resignalling to increase capacity on the Benha - Zagazig - Ismailia - Port Said route.
Kuwait Fund for Arab Economic Development is to lend US$100m, and the Arab Fund for Economic & Social Development is to lend US$150m
Under the project, Egyptian National Railways' existing mechanical interlockings are to be replaced by centrally-controlled electronic interlockings by the end of 2016.
EGYPT: The European Investment Bank signed the €200m first tranche of a €600m loan to part-fund construction of the third phase of Cairo Metro Line 3 on November 14. Phase III will add 17·7 km and 15 stations to the network, and according to EIB is intended to enhance access ...
SERBIA: The Kuwait Fund for Arab Economic Development has agreed a €25m loan to fund the railway systems element of Beograd's long-planned new main station at Prokop. The 3% loan has a repayment period of 18 years and grace period of four years. The lender has also expressed interest in ...
EGYPT: Less than a month after the opening of the first stage of Cairo Line 3, the National Authority for Tunnels has authorised the start of work on the capital's fourth metro route. On March 19 Minister of Transport Dr Galal Moustafa Mohamed Said signed a loan agreement with the ...
