Under a MoU signed with the Ministry of International Cooperation (MOIC) of Egypt, EBRD will provide a loan for the rehabilitation of the Heliopolis tram link between the Ramsis and Almaza areas in Cairo with the overall cost estimated to be USD 500 million.
The EBRD expects to provide an investment package of USD 250 million divided in two tranches. A sovereign loan of up to USD 125 million would finance infrastructure works to be implemented by the National Authority for Tunnels. The second tranche is a loan of up to USD 125 million potentially to a private company for the procurement of rolling stock and for the operation and maintenance of the fleet.
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