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Wednesday, 29 July 2020

Your top infrastructure stories of the week

Your top infrastructure stories of the week:

  • The Transport Ministry is studying the possibility of a second phase of the electric train project that will connect Al-Salam, Tenth of Ramadan, and the new administrative capital, according to Al Mal.
  • The Slum Development Fund is eyeing a EUR 24 mn grant from a German government donor to eliminate unsafe slums.
  • The National Railways Authority is set to sign a EUR 100 mn loan agreement to finance Siemens’ electric signaling systems project and to develop railway lines and crosses.
  • Cabinet signed off on a USD 500 mn World Bank facility to support low-income housing and the state’s Social Housing Mortgage Finance Fund.
  • India’s LuLu Group opened its second hypermarket branch in Cairo, in which it invested EGP 180 mn. The group plans to invest EGP 1 bn in Egypt’s retail industry, as we note in Speed Round, above.

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