National Investment Bank secures EGP50 million for Egypt Railway Projects

By Administrator On Feb 1, 2015

The National Investment Bank (NIB) has disbursed another payment of loan worth 50 million Egyptian pounds (US$6.6 million) in favour of the Egyptian National Railways (ENR).

According to Momtaz al-Saeed – board member at NIB, this payment is designed to finance ENR’s projects for the current fiscal year 2014-2015.

He added in exclusive statements to Amwal Al Ghad that the Railway had received three payments totalling 153 million pounds during the current fiscal year.