IBRD earmarks $144M loan for Egypt’s Bashteel-Al Nadha railway line

Updated 7/9/2024 7:52:00 AM
IBRD earmarks $144M loan for Egypt’s Bashteel-Al Nadha railway line

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.

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