EIB supports the upgrading of key Egyptian rail corridor
The European Investment Bank and the Egyptian Ministry of International Cooperation have signed a cooperation agreement to provide up to €1.5 million of grant financing for a Feasibility Study for the Tanta – El Mansoura – Damietta Rail project.
The project will improve railways safety, availability and reliability of a vital rail corridor through the Nile Delta. This technical assistant grant is funded from the Economic Resilience initiative.
The subsequent EIB financing facilitated by this grant will be used for the upgrading of the 118km Tanta – El Mansoura – Damietta railway line. The scope of the investment will be defined during the implementation of the Feasibility Study. The upgrade includes the doubling of the section El Mansoura-Damietta (65km), the re-signaling of the whole line and investments in the railway stations, and potentially a freight yard and a freight link to Damietta port.
