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Sunday, 12 June 2016

Egypt in talks World Bank for USD 880 mn allocation for railway, Cairo airport projects

Egypt, World Bank in talks for USD 880 mn in financing for rail, airport projects: Egypt and the World Bank are finalizing a USD 600 mn loan to develop railway communication systems and USD 200 mn to develop Cairo International Airport’s Terminal 2, the World Bank’s Olivier Le Ber told Al Shorouk. He also discussed with the Transport Authority the possibility of loans to Egypt for urban transport development. The World Bank is also working on financing a program to replace old taxis with new vehicles that have smaller environmental footprints.

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