World Bank approves $400M to develop sustainable infrastructure in Egypt’s transportation sector – Egypt Today

World Bank approves $400M to develop sustainable infrastructure in Egypt’s transportation sector – Egypt Today

CAIRO - 3 October 2022: The World Bank Group (WBG) announced the approval of a $400 million development financing CAIRO-agreement to develop sustainable infrastructure in the transport sector in Egypt, supporting the transition towards low-carbon transport along the Alexandria–the 6th of October–Greater Cairo Area (GCA) railway corridor.

Within the framework of the Cairo Alexandria Trade Logistics Development Project, a railway will be constructed to decrease traffic. This will provide freight trains between the Alexandria Sea Port and the newly constructed 6th of October Dry Port, with an alternative route to the west of Greater Cairo. The operational bypass will also allow 15 container trains per day by 2030, and as demand increases, 50 trains by 2060 to this dry port, along with additional freight trains flowing between the Alexandria Port, Upper Egypt, and the Red Sea.

This project will strengthen the railway network in Egypt, one of the largest railway networks in the African continent; enhancing the country’s green transition and move towards low carbon emissions. Moreover, the WBG estimates that the project will reduce greenhouse gas emissions by 965,000 tons over 30 years.

The Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat said that development financing approved by the WBG has