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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…
