March 30, 2017
France-based Agence Francaise de Developpement (AFD) has announced plans to allocate USD107.87 million for the upgradation of Alexandria Tram system (also known as the Al Raml Tram) in Egypt.
March 23, 2017
The Federal Capital Territory (FCT) in Nigeria has awarded a three-year, USD1.79-billion management contract to China Civil Engineering Construction Corporation (CCECC) for the light-rail transit (LRT) system Phase II in Abuja.
February 20, 2017
The Federal Capital Territory (FCT) in Nigeria is likely to secure a loan of USD100 million from the African Development Bank (AfDB) for development of the bus rapid transit (BRT) system in Abuja.
November 22, 2016
Saudi Railways Organisation (SRO) has allocated additional funding of USD158 million for the Haramain high-speed rail (HSR) Phase II to the Al-Shoula consortium (comprising Talgo, Indra, Dimetronic, Renfe, Adif and Obrascon Huarte Lain (OHL)) to cover cost escalation due to delays in payment.
November 22, 2016
Abu Dhabi Fund for Development (ADFD) has allocated USD40 million as the second installment of the concessionary loan to the Office Nationale des Chemins de Fer Du Maroc (ONFC), Morocco's national rail operator, for construction of the 200-km high-speed rail (HSR) line between Tangier and Kenitra in Morocco.
May 27, 2016
The USD16.5-billion mass transit project, which involves development of a metrorail system and a bus network, planned for the city of Mecca in Saudi Arabia has been stalled due to ongoing financial restructuring.
May 11, 2016
The Ministry of International Co-operation and the European Bank for Reconstruction & Development (EBRD) have signed a memorandum of understanding (MoU) under which EBRD will contribute USD250 million towards the total project cost of USD500 million for the rehabilitation of the defunct 14-km Heliopolis Tram line, which connects Ramses station and Almaza district in Cairo, Egypt.
January 28, 2016
The African Development Bank (AfDB) has approved a USD112.3-million loan to the Moroccan National Railways for construction of a second track on part of the Casablanca - Marrakech high-speed rail (HSR) line in Morocco, North Africa.
January 26, 2016
The Development Bank of Southern Africa (DBSA) has sanctioned, in principle, a ZAR3.5-billion loan for the procurement of 48 electrical multiple units (EMUs) for the Gautrain Rapid Rail Link capacity expansion project.
January 4, 2016
The Ministry of Transportation in Egypt has signed a memorandum of understanding (MoU) with China Railway Construction Corporation (CRCC) to construct the 24-km Cairo Metro Line 6 at a cost of USD3.5 billion.
December 10, 2015
The European Bank for Reconstruction & Development (EBRD) will provide a EUR100 million loan to the National Authority for Tunnels (NAT) in Egypt to procure 13 train sets for the Cairo Metro Line 2.