National Investment Bank secures EGP50 million for Egypt Railway Projects

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.

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