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Monday, 11 May 2020

Egypt, World Bank discuss potential USD 200 mn loan for El Manashy railway line

Egypt, World Bank discuss potential USD 200 mn loan for El Manashy railway line: The Transport Ministry is in talks with the World Bank for a USD 200 mn facility to build the new railway line linking Sixth of October to El Manashy village in Giza, Al Mal reports, citing unnamed sources. The 65-km line will link Alexandria Port to the Sixth of October dry port, which is slated for completion at the end of next year. The ministry is expected to present updated feasibility studies on the line within the coming period.

Funding for public bus system, too? The World Bank is also reportedly among a number of international lenders looking to offer funding and technical support to help Egypt develop its public bus system, the newspaper reports, citing sources at the Public Transport Authority.

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