The European Bank for Reconstruction and Development (EBRD) is considering a loan of up to EUR 290 million to the Republic of Egypt  to be on-lent to Egyptian National Railways (ENR) for the purchase of up to 100 new locomotives under a supply and maintain contract.

The project will comprise the following elements:

• acquisition of up to 100 new locomotives to operate on the passenger long distance routes;
• provision of maintenance under a long-term maintenance contract to be signed between ENR and the supplier of the locomotives with substantial