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Thursday, 21 May 2020

EIB mulls EUR 1.13 bn loan for transport projects

EIB could provide EUR 1.13 bn for Egyptian transport projects over the next five years: The European Investment Bank (EIB) could finance Egyptian transport projects to the tune of EUR 1.13 bn over the next five years, the bank said yesterday. Funding will be largely directed towards renovation and expansion at the Cairo Metro and the tram lines in Alexandria. The EIB, which has been working with the government since 1979, focuses on funding water and transport infrastructure, as well as improving credit access to SMEs.

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