Egypt secures €145 million loan from AfDB for upgrade of its national rail line
April 6, 2021418 views0 comments
- Funding to be used to enhance network capacity and operational safety of national rail line
- Passenger traffic expected by increase by 15%, 10% for freight by 2029
Egypt has secured a loan of €145 million from the African Development Bank (AfDB) for the upgrade of the country’s rail system under the Egypt National Railways Modernization Project (ENRMP).
Speaking on the project, Egypt’s Minister of International Cooperation, Dr. Rania A. Al-Mashat said, “Safe, accessible, convenient and green transport systems will be crucial to achieving sustainable development. The improvement and expansion of Egypt’s rail system through the ENRMP allows for active mobility and enables the urban and rural development through an inter-modal linked system. Technology and innovation, and a robust commitment to public transport will all be vital components of building back better.”
With the loan coming into effect, passenger traffic on the country’s rail line is expected to increase to 15% while freight traffic is expected to increase by 10% by 2029.
Currently, the country has about 8% of passenger traffic and 6% of freight traffic by rail. The planned upgrades are expected to benefit low-income Egyptians, about 40% of the population, who rely on trains as an affordable mode of transport. Increasing train freight is projected to have a positive impact on greenhouse gas emissions.