(1) Egypt National Railways Restructuring Project (ENRRP) financed by the World Bank with a loan worth $270m
(2) An additional loan for ENRRP financed by the World Bank with $330m.
As the railways sector is a vital one, it has been agreed with the World Bank to finance ENRRP with a loan worth $270m. The relevant agreement was signed on 2\8\2009 with an enforcement date of 24\6\2010. The purpose of the project is to improve reliability, efficiency, competence and safety of the railway services through investments directed to signaling automation and track renewal, besides the management and operation modernization in order to enhance the railway sector’s responsiveness to economic and social needs and to strengthen financial viability of the Egyptian National Railways Authority (ENRA). The project will automate Cairo-Alexandria signaling system and renovate 275KM of Cairo-Aswan track. The loan’s closing date is 31\1\2019.
Since ENRRP required additional funding, ENRA has agreed with the World Bank to finance the project of “Additional Funding for ENRRP” by loan No. 79820 worth $330m signed on 23\9\2011 with the enforcement date of 28\3\2010.
The additional funding project will automate the signaling system of Beni Sueif- Asuit and of Asuit- Sohag – Nag Hammadi. The loan’s closing date is 31\1\2019.