Egypt: The EU Bank supports urban transport
EUR 1.128 billion of financing to invest in metro and tram systems in Cairo and Alexandria
The first tranche of EUR 600 million is signed
The Urban Transport schemes will contribute to reduce emissions in the two large cities
The European Investment Bank (EIB), and the
Egypt have signed a EUR 1.128 billion agreement to support investments in the rehabilitation and expansion of metro and tram systems in Alexandria and Cairo. The EIB financing will contribute to increase the availability and improve the quality of public transport systems in the two cities where 30-35% of the country s population live and work. This new operation is in line with the EU Bank s climate action objectives and comes in support of the government s national priorities.
CAIRO: The EU is supporting Egypt with a financial package of €89 million ($96 million) to combat the coronavirus.
Egyptian Minister of International Cooperation Rania Al-Mashat and head of the EU delegation to Egypt, Christian Berger, witnessed the signing of an amendment to the Health Sector Policies Support Phase Two program, worth €89 million, to fight the virus.
This amount includes support for the national plan and strategy of the Ministry of Health and Population to combat the virus and limit its effects in Egypt by strengthening the capacity of the health system response, taking preventive measures and detecting cases to prevent the transmission of the virus, and establishing an institutional structure to coordinate and follow up the national health response strategy and plan.