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Sisi approves EUR 290m funding deal to purchase 100 locomotives

Sisi approves EUR 290m funding deal to purchase 100 locomotives
The agreement has been effective as of 18 October 2019.

Cairo – Mubasher: The Egyptian president Abdel Fattah El-Sisi approved a funding agreement to purchase 100 locomotives for the Egyptian National Railways (ENR).

Egypt and the European Bank for Reconstruction and Development signed a funding agreement worth EUR 290 million on 19 June 2017, the Egyptian Official Gazette reported on Thursday. 

The agreement has been effective as of 18 October 2019.