The European Bank for Reconstruction and Development (EBRD) is considering an 18 years sovereign loan to finance the purchase of a total of 13 air-conditioned train sets (8 wagons per train) to be operated on Cairo Metros Line II and a portion of the long-term outsourced maintenance contract for Line II’s entire fleet covering mainly the spare parts and equipment. The total cost of the project is estimated at EUR 340 million.
The loan to be lent to the Arab Republic of Egypt is EUR100 million and will be co-financed with another IFI. This amount might be increased to a maximum of EUR175 million if no co-financing can be obtained.
EBRD is developing an integrated approach to support Egypt’s efforts in addressing the current urban mobility challenges in Cairo in a concerted and sustainable manner. The Project contributes to the Bank’s efforts to introduce and promote Public Service Contracts, a new proposition for the urban transport sector in Egypt.
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