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    Summary sheet

    Release date
    31 January 2023
    Status
    Reference
    Approved | 20/09/2023
    20180765
    Project name
    Promoter - financial intermediary
    ALEXANDRIA ABU QIR URBAN RAIL PROJECT
    NATIONAL AUTHORITY FOR TUNNELS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 750 million
    EUR 1764 million
    Location
    Sector(s)
    Description
    Objectives

    The loan concerns the rehabilitation and upgrade of the obsolete and underused 21.7 km long, mostly elevated, urban railway line Abu Qir. More specifically, financing will support rebuilding and adding metro stations, as well as removal of all the at-grade intersections of the current line.

    The aim is to turn the existing Abu Qir suburban railway line into a high frequency, modern and efficient metro with much higher transport capacity, speeds and comfort. The upgraded metro line will encourage the usage of public transport and thus promote sustainable mobility.

    Additionality and Impact

    The project consists of the rehabilitation and upgrade of the obsolete and underused 21.7 km long urban railway line Abu Qir, in Alexandria, into a high frequency metro line to enhance the role of public transport in the city and promote sustainable mobility for citizens. By supporting the shift of traffic to a more sustainable transport mode, the project will reduce negative externalities of road traffic (noise and air pollution, greenhouse gas emissions, road accidents and congestion), improving travel times and costs. By providing safe and affordable transport also to more vulnerable groups, such as people with reduced mobility and women, further benefits are unlocked, for example more egalitarian access to jobs and study opportunities.


    The project shares the development priorities of NDICI Global Challenges' Thematic Programme Priority Area 2, which seeks to promote the green transition through sustainable mobility. The project also contributes to Team Europe Flagship 5 on Connected Economies, to a wide range of Sustainable Development Goals (SDGs) and to both the Investment Plan of the Egyptian Ministry of Transport as well as Alexandria's Strategic Urban Plan 2032.


    The project benefits from the EIB's favourable financing conditions as it provides long tenor and affordable pricing and the EIB's contribution was crucial for crowding in other financiers, filling a large financing gap as well as bringing its sector knowledge and high standards which allowed the project to go according to original timetable.

    Environmental aspects
    Procurement

    The promoter has to ensure, that the environmental and social procedures are in line with EIB applicable rules , including screening of environmental and social impacts, an Environmental and Social Action Plan, Stakeholder Engagement Plan and an Environmental Management Plan. The project's relevant key documents will be published in line with the EIB's procedures.

    The promoter has to ensure, that the procurement procedures are in line with the applicable EIB procurement guidelines.

    Under ELM Guarantee
    Comments

    This operation is covered by the ELM Guarantee.

    The Project is part of the Urban Transport Infrastructure Framework, the aim of which is to finance large public transport projects in the cities of Alexandria and Cairo in Egypt over the next 5 years.

    Milestone
    Approved
    20 September 2023
    Related projects
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - ALEXANDRIA ABU QIR URBAN RAIL PROJECT - Environmental and Social Action Plan
    Publication Date
    10 Feb 2023
    Document language
    Main Topic
    Lending
    Document Number
    166747484
    Document Focus
    Environmental Information
    Project Number
    20180765
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - ALEXANDRIA ABU QIR URBAN RAIL PROJECT - Abou Qir to Misr Station
    Publication Date
    10 Feb 2023
    Document language
    Main Topic
    Lending
    Document Number
    166743199
    Document Focus
    Environmental Information
    Project Number
    20180765
    Sector(s)
    Countries
    Publicly available
    Download now
    Stakeholder Engagement Plan (SEP) - ALEXANDRIA ABU QIR URBAN RAIL PROJECT - Abou Qir Metro
    Publication Date
    10 Feb 2023
    Document language
    Main Topic
    Lending
    Document Number
    166742107
    Document Focus
    Environmental Information
    Project Number
    20180765
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - ALEXANDRIA ABU QIR URBAN RAIL PROJECT - Non Technical Summary - Abou Qir Metro Station
    Publication Date
    10 Feb 2023
    Document language
    Main Topic
    Lending
    Document Number
    166748712
    Document Focus
    Environmental Information
    Project Number
    20180765
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - ALEXANDRIA ABU QIR URBAN RAIL PROJECT - Resettlement Framework for Abou Qir Metro
    Publication Date
    10 Feb 2023
    Document language
    Main Topic
    Lending
    Document Number
    166751224
    Document Focus
    Environmental Information
    Project Number
    20180765
    Sector(s)
    Countries
    Publicly available
    Download now
    Resettlement Action Plan (RAP) - ALEXANDRIA ABU QIR URBAN RAIL PROJECT
    Publication Date
    21 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176652340
    Document Focus
    Environmental Information
    Project Number
    20180765
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - ALEXANDRIA ABU QIR URBAN RAIL PROJECT
    Publication Date
    27 Sep 2023
    Document language
    Main Topic
    Lending
    Document Number
    152866372
    Document Focus
    Environmental Information
    Project Number
    20180765
    Sector(s)
    Countries
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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