Railways Restructuring Additional Financing

Development Partner: World Bank
Start Date: 28/03/2012
Closing Date: 31/01/2019
Total Financing: US$ 330.00 million
Total Financing Equivalent: US$ 330.00 million
Government's Sector: Transport
Implementing Entity:
Governorate: Aswan - Alexandria - Cairo

Development Program Objectives:

The objective of the Additional Financing for the Egypt National Railways Restructuring Project (ENRRP) is to assist the Government in improving the reliability, efficiency and safety of the railways' services through signaling and track renewal investments by Egyptian National Railways (ENR) and the modernization of its management and operating practices in order to enhance the railways' sector responsiveness to economic and social needs and to strengthen the financial viability of the project implementing entity. The additional financing will be a scale up to ENRRP and will allow the ENR to expand and accelerate the modernization of signaling systems that are critical to the safety of rail services, specifically on the Beni Suef-Assyut section of the rail network, as well as to amplify initiatives for strengthening management and operating practices thereby enhancing the impact of the initial project.

Development Impact:

The project contributes to the development of the transportation sector which in turns will have economic and social returns

US$ 6,093.50 million

Total amount of the current ODA provided by World Bank to Egypt

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