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Wednesday, 22 July 2020

Your top infrastructure stories of the week

Your top infrastructure stories of the week:

  • European Investment Bank to fund transport upgrades: More than half of the EUR 1.9 bn of EIB funding agreed last week will be allocated to public transport infrastructure.
  • Joint Egypt-Saudi electricity grid delayed to 2023: The Egyptian-Saudi electric interconnection project has been delayed by two years and is now expected to be operational at the end of 2023.
  • New logistics zones: The Supply Ministry plans to set up new logistics zones for commercial supply chains in South Sinai.
  • Metro railcar purchase postponed: The National Authority for Tunnels has postponed its purchase of railcars for Cairo Metro Line 4 to 15 September.
  • CPC invests in Sadat City industrial zone: Saudi Arabia’s Construction Products Holding Company has invested EGP 300 mn into its infrastructure development project for the Sadat City industrial zone

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