World Bank approves US$440 million development fund to develop Egypt’s railways - News Summed Up

World Bank approves US$440 million development fund to develop Egypt’s railways


The Railway Improvement and Safety for Egypt (RISE) total project cost is $681.1 million, including $241.1 million contributed from the Egyptian National Railways (ENR). The project will focus on modernizing the signaling for the Cairo – Giza – Beni Suef segment of the ENR network and supporting the reforms needed to enhance theENR’s performance and competitiveness. About 270 million passengers took trains in 2019, up from 228 million in 2015 and 247 million in 2010. The RISE project will modernize the signaling system and track upgrade works along the Cairo – Beni Suef segment, and will continue ENRRP’s works along the Alexandria – Cairo and Beni Suef – Nag Hammadi segments at a total length of 763 km. Additionally, the RISE project seeks to advance the railway modernization efforts promoted by the Ministry of Transport to align ENR with international best practices by introducing performance-based funding.


Source: Egypt Independent March 06, 2021 15:33 UTC



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