• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    To Our Dedicated Readers…
    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan
    African Leaders Lift-off African School of Governance…
    Zimbabwe in Alacrity to Participate in the Forthcoming Minerals Africa Summit in Cape Town South Africa
    Rwanda’s MPs in the Lower House started Nationwide Assessment on progress of the Agricultural Outreach season
    $2.8 Million has been Vitally signed by Grid Africa as an Equity Investment from Rifuwo Energy Partners
    The Elected African Table Tennis Federation Executive Council Agreed on a Memorandum of Understanding with Ethiopian Airlines

    Egypt Set to Receive €145m from the Africa Development Bank to Bolster Railway Safety and Reliability

    Posted On 08 Apr 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 16

    By Richard Adorsu-

    Cairo, Egypt
    Photo Credit: iStock

    NEW AFRICA BUSINESS NEWS (NABN) Accra- The African Development Bank (AfDB), approved a loan of €145 million to finance reliability and performance upgrades to the country’s rail system under the Egypt National Railways Modernization Project (ENRMP). The funding will be used to enhance operational safety and to increase network capacity on national rail lines.

    Dr. Rania A. Al-Mashat, Egypt’s Minister for International Cooperation said, “Safe, accessible, convenient and green transport systems will be crucial to achieving sustainable development. The improvement and expansion of Egypt’s rail system through the ENRMP allows for active mobility and enables the urban and rural development through an inter-modal linked system. Technology and innovation, and a robust commitment to public transport will all be vital
    components of building back better.”

    Rail transport is central to Egypt’s economy and competitiveness. Rail passenger and freight traffic are expected to increase to 15% and 10% respectively by 2029 as a result of the Bank’s loan and other investments in the project. Currently, 8% of passenger traffic and 6% of freight traffic respectively move by rail. The planned upgrades are expected to benefit low-income Egyptians, about 40% of the population, who rely on trains as an affordable mode of transport. Increasing train freight is projected to have a positive impact on greenhouse gas emissions.

    The Government of Egypt has committed significant investment to upgrade the country’s railway infrastructure through rail renewals, modernization of signaling and the purchase of new rolling stock. Under the ENRMP a state-of-the-art, cost effective train protection system will be installed on 950 km of train line along the busy routes connecting Alexandria in the north to Negh Hammadi in the south, and Port Said in the east.

    “The newly approved project will enhance the multimodal transportation environment in Egypt, and the efficient movement of people, services and goods,” said Malinne Blomberg, the Bank’s Deputy Director General for the North Africa region. “This operation is fully aligned with the Bank’s strategy for interventions in Egypt, contributing to sustained and inclusive economic growth, and more specifically, developing infrastructure that supports expansion of the private sector and job creation,” she added.

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Mining Company South32 to expend $250m to finish off South African Energy Coal Enterprise Trade Bargain

    Next Story

    Solidaridad Liberia Reveals 1,500 Smallholder growers to gain from enriched Cocoa Seedlings under the Cocoa Value Chain Development Programme

    16 Comments

    1. Daniel April 8, 2021 at 1:17 am Reply

      Beautiful report Richard. I love the great job that African development bank is doing all over Africa. Daniel in Lagos Nigeria

      • New Africa Business News, Staff Correspondent April 8, 2021 at 1:26 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Langa April 8, 2021 at 1:20 am Reply

      African development bank is a great bank for our great Continent. Johannesburg in South Africa. Langa

      • New Africa Business News, Staff Correspondent April 8, 2021 at 1:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Kayla April 8, 2021 at 1:23 am Reply

      Love you team of journalists and the great new Africa business news. You guys are winning the mind beautiful game. Thank you very much for covering our all parts of Africa. Kayla in Addis Ababa, Ethiopia

      • New Africa Business News, Staff Correspondent April 8, 2021 at 1:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Simon April 8, 2021 at 1:26 am Reply

      Thank you for the newsletters and thank you for saving tax payers lot of money. Love you guys. Lusaka Zambia. Simon

      • New Africa Business News, Staff Correspondent April 8, 2021 at 1:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. James April 8, 2021 at 1:30 am Reply

      Thank you very much for covering our whole Continent. Business is growing, thank to the Africa free trade. James in Kampala, Uganda

      • New Africa Business News, Staff Correspondent April 8, 2021 at 1:40 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Morris April 8, 2021 at 1:34 am Reply

      Love new Africa news and this online newspaper is winning, has being the winner. Continue winning. You are the best. Morris in Nairobi, Kenya

      • New Africa Business News, Staff Correspondent April 8, 2021 at 1:40 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Calvin April 8, 2021 at 1:36 am Reply

      Thank you for saving our tax payers lot of money, that we don’t have. Calvin in London, England

      • New Africa Business News, Staff Correspondent April 8, 2021 at 1:40 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    8. Fatima April 8, 2021 at 1:43 am Reply

      Africa development bank is doing a great job in our Country. Cairo Egypt. Fatima

      • New Africa Business News, Staff Correspondent April 8, 2021 at 1:43 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    To Our Dedicated Readers...

    Posted On 04 Nov 2024

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    Posted On 04 Nov 2024

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Posted On 04 Nov 2024

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    Africa Leader of the Year 2023-2024, Rwanda's President Paul Kagame

    Posted On 21 May 2024

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Peace making leader. Congrat Paul...

    Posted On 15 Feb 2024

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Facebook

    Latest Posts

    To Our Dedicated Readers...

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Recent Posts

    • To Our Dedicated Readers…
    • Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    • The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    • ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    • In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • Obituary
    • Sport

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.