📋 Tender Overview
Location: Egypt
Project number: 53544
Business sector: Transport
Notice type: State
Environmental category: IESE
EBRD Finance Summary: EUR 40,000,000.00
Total Project Cost: EUR 220,000,000.00
Project Description
Provision of a sovereign loan of up to EUR 40 million to the Arab Republic of Egypt, to be on-lent to Egyptian National Railways ("ENR").
The loan will be used to partially finance the supply and installation of the railway tracks, and signalling and telecommunication systems of Robeiky - 10th of Ramadan - Belbeis Railway Line ("the Project"). It is expected that the remaining part of the Project cost will be financed by another financial institution via a sovereign loan. The Government of Egypt ("GoE") will self-fund the Project's civil works.
Project Objectives
The Project will connect the 10th Ramadan Dry Port PPP project ("DP 10") to ENR's main network, and in parallel allow freight traffic from / to a number of ports to bypass the Cairo railway node and save time. It is expected to serve containerised cargo through ENR's existing fleet. It will also serve commuting traffic between Robeiky, 10th Ramadan and Belbeis. As such, the Project will contribute to a modal shift of cargo and passenger transport from road to rail. The Project therefore represents a greener transport solution. It also represents an enabling infrastructure for the DP 10, which represents an integral part of the GoE's plan to develop intermodal transport systems and engage the private sector to accelerate the green transition.
Transition Impact
ETI score: 62
ETI score: 62
Primary - Green: The Project is expected to allow a modal shift of freight from road to rail resulting in a greener solution. In addition, railway transport is, by definition, considered a more efficient mode resulting in several times less GHG emissions than road freight transport.
Secondary i Integrated: ENR is committed to support the GoE intermodal transport system which aims at enhancing the connectivity between the economic centres in the country and the main Egypt sea ports. In this context, ENR is committed to extend the Robeiky - 10th of Ramadan - Belbeis Railway Line which will link the DP 10 to the most important eastern and northern ports of Egypt. The Project is hence key for enabling DP 10, ensuring private sector investment and allowing a modal shift of cargo transport from road to rail.
