{"id":41220,"date":"2019-08-19T20:59:51","date_gmt":"2019-08-19T18:59:51","guid":{"rendered":"https:\/\/csregypt.com\/?p=41220"},"modified":"2019-08-19T20:59:51","modified_gmt":"2019-08-19T18:59:51","slug":"ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/","title":{"rendered":"EBRD to extend EGP 28m to Egypt for renovating locomotives, rail\u00a0freight transportation"},"content":{"rendered":"<p style=\"direction: ltr;\">The European Bank for Reconstruction and Development&#8217;s (EBRD) will extend two grants worth 28 million pounds to Egypt to upgrade its locomotives and rail freight transportation mechanism.<\/p>\n<p style=\"direction: ltr;\">Egyptian Minister of Investment and International Cooperation Sahar Nasr inked with Director of the EBRD\u2019s office in Egypt Khaled Hamza a deal on the grants.<\/p>\n<p style=\"direction: ltr;\">The two grants will go for the National Railways Authority; one for developing the rail freight transportation mechanism and the second for purchasing 100 locomotives at 290 million euros.<\/p>\n<p style=\"direction: ltr;\">Nasr underlined the importance of the transport sector as an investment-encouraging factor, citing President Abdel Fattah El Sisi\u2019s directives to continue upgrading the transport sector.<\/p>\n<p style=\"direction: ltr;\">She added that her ministry secured up to 6 billion dollars for financing the transport sector due to its pivotal role in improving economic performance and people\u2019s lives as well as realizing sustainable development nationwide.<\/p>\n<p style=\"direction: ltr;\">Meanwhile, Transport Minister Kamel el Wazir said the deal will help the ministry buy 100 new locomotives in addition to renovating old locomotives and railways\u2019 workshops.<\/p>\n<p style=\"direction: ltr;\">The railways\u2019 overhauling operation will be implemented in tandem with experts from international factories, he said, highlighting the importance of fruitful cooperation with a number of international banks and institutions in order to develop the transportation sector, especially railways.<\/p>\n<p style=\"direction: ltr;\">Director of EBRD\u2019s Office in Cairo Khaled Hamza said the bank\u2019s total investments in Egypt hit 5 billion euros in various domains, especially the fields of industry, infrastructure and development projects.<\/p>\n<p style=\"direction: ltr;\">He accentuated that the bank is keen on promoting strategic cooperation with Egypt, noting that the two grants to be provided by the bank will help developing the transport sector which is vital for accelerating economic growth and realizing the utmost benefit from the comprehensive economic reforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development&#8217;s (EBRD) will extend two grants worth 28 million pounds to Egypt to upgrade its locomotives and rail freight transportation mechanism. Egyptian Minister of Investment and International Cooperation Sahar Nasr inked with Director of the EBRD\u2019s office in Egypt Khaled Hamza a deal on the grants. The two grants [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":41221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6262,6030],"tags":[6087,6402,6620,6463],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EBRD to extend EGP 28m to Egypt for renovating locomotives, rail\u00a0freight transportation - Csr Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD to extend EGP 28m to Egypt for renovating locomotives, rail\u00a0freight transportation - Csr Egypt\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development&#8217;s (EBRD) will extend two grants worth 28 million pounds to Egypt to upgrade its locomotives and rail freight transportation mechanism. Egyptian Minister of Investment and International Cooperation Sahar Nasr inked with Director of the EBRD\u2019s office in Egypt Khaled Hamza a deal on the grants. The two grants [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/\" \/>\n<meta property=\"og:site_name\" content=\"Csr Egypt\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/csregypt\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-19T18:59:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/08\/190820192-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"757\" \/>\n\t<meta property=\"og:image:height\" content=\"398\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marwa Zein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:site\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marwa Zein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/\"},\"author\":{\"name\":\"Marwa Zein\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec\"},\"headline\":\"EBRD to extend EGP 28m to Egypt for renovating locomotives, rail\u00a0freight transportation\",\"datePublished\":\"2019-08-19T18:59:51+00:00\",\"dateModified\":\"2019-08-19T18:59:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/\"},\"wordCount\":297,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/csregypt.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/08\/190820192-1.jpg\",\"keywords\":[\"#EBRD\",\"#SDGs\",\"#Transportation\",\"egypt\"],\"articleSection\":[\"Egypt\",\"Sustainable Development\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/\",\"url\":\"https:\/\/csregypt.com\/en\/ebrd-to-extend-egp-28m-to-egypt-for-renovating-locomotives-rail-freight-transportation\/\",\"name\":\"EBRD to extend EGP 28m to Egypt for renovating locomotives, rail\u00a0freight transportation - 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