Cabinet approves deal with IBRD to upgrade Egypt's railway

MENA , Wednesday 26 May 2021

The deal was inked on 28 April, 2021

World Bank
File photo: the World Bank. REUTERS

The Cabinet has approved a presidential decree on a deal signed by Egypt and the International Bank for Reconstruction and Development (IBRD) to upgrade the Egyptian railway.

The 362.9-million-euro agreement aims at improving the level of safety and security on the Alexandria/Cairo/Nagaa Hammadi railway lines.

The deal was inked on 28 April, 2021.

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