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Monday, 2 July 2018

What we’re tracking this week

The Tenders and Auctions Act will is up for a plenary session discussion “within days,” House Planning and Budgeting Committee Yasser Omar said on Thursday. A final vote on the law may be pushed to the next legislative session, however, with this current one nearing the end of its term, according to Omar. The House was expected to vote on the law — which would decentralize tender procedures and streamline the selection process for winning bids — last month.

World Bank to offer rail and river transport funding? Transport Minister Hisham Arafat has resumed talks with a World Bank delegation for additional funding for railway and river transport projects, Al Mal reports. The minister had previously met with a delegation from the bank to discuss the issue in May. The World Bank is already providing Egypt with more than USD 500 mn in separate loans for railway development projects.

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