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Investors - OCTOBER 3, 2022

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World Bank approves Egypt $400m to improve and decarbonize logistics and transportation sectors

by Andrea Zander

The World Bank’s board of executive directors has approved a $400 million development financing agreement to enhance the performance of the logistics and transportation sectors in Egypt and to support the shift towards low-carbon transportation along the Alexandria – the 6th of October – Greater Cairo Area (GCA) railway corridor.

Egypt’s rail system is one of the most extensive in Africa, with a heavier focus on its passenger services, and three freight trains per direction per day in the GCA, with the rest dedicated to passenger trains.

The Cairo Alexandria Trade Logistics Development Project will implement a railway bypass to the congested GCA. The bypass 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

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