Arab Finance: The World Bank’s International Bank for Reconstruction and Development (IBRD) has allocated a concessional loan worth around $144 million for developing the Bashteel-Al Ittihad-Itay El Baroud-Al Nadha railway line in Egypt, Al Mal News reported, citing sources in the know.
This loan will also finance the installation of a parallel track to the railway line.
Both the line and its parallel track will be executed over a total of up to 213 kilometers.