The World Bank announced the approval of a USD 400 million (EGP 7 billion) development financing agreement for the construction of a railway bypass in the Alexandria-6thOctober-Greater Cairo Area railway corridor. In a statement published on Monday, October 3, the World Bank announced that the project will reduce greenhouse gas emissions by 965,000 tons over 30 years. It also aims to strengthen the railway network in Egypt and provide freight trains between the Alexandria Sea Port and the newly constructed 6 October Dry Port with an alternative route to the west of Greater Cairo. The 6 October Dry Port is the first inland dry port in Egypt and serves as an extended gateway for the deep-sea ports located in the northern and eastern regions of Egypt. It aims to provide efficient customs inspections and clearance procedures, and reduce congestion in the seaports. The operational bypass will also allow for increased freight capacity, with 15 container trains per day by 2030, and as demand increases, 50 trains by 2060 to the dry port, along with additional freight trains between Alexandria, Upper Egypt, and the Red Sea. The project will also create…
To Reduce Traffic Congestion, Egypt Receives USD 400 Million to Advance Low-Carbon Transportation
October 4, 2022
