he Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of €145 million to finance reliability and performance upgrades to the country’s rail system under the Egypt National Railways Modernization Project (ENRMP). 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. Distributed by APO Group on behalf of African Development Bank Group (AfDB). Media contact:Fahd BelbachirSenior Communication and External Relations Officer for North AfricaAfrican Development Bankf.belbachir@afdb.orgAbout the African Development Bank Group:The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).

Source: The North Africa Journal April 06, 2021 10:18 UTC