Both parties are working to develop a wide range of projects. The bank will support the development of a strategy study to develop the use of the Nile for cargo shipment. The Bank will also finance the appointment of advisors for three desalination PPP projects: Safaga Sea water desalination PPP project, which is expected to be launched next month, El-Alamein water desalination PPP project and El-Tor Sea water desalination PPP project.
Additionally the EBRD is considering providing a number of sovereign loans to the government and loans to private sector concessionaires under the Cairo Integrated Transport Project - Inclusion Component. The following two PPP projects are included:
The other projects included in the Cairo Integrated Transport Project - Inclusion Component are: Cairo Metro Line ll, Cairo Metro Lines V and VI, Cairo Bus Sector Reform Project, and Heliopolis Tram Modernization.
Last month the EBRS announced that it had plans to provide financing of up to US$200 million for the construction of a combined-cycle gas-fired power plant in Damanhour, Beheira, and US$100 million to finance the Cairo Metro project.