The World Bank has agreed to provide Egypt with USD400mn to develop the logistics and transportation sectors and support the shift towards lower carbon emissions. The project will focus on developing a railway bypass in Egypt's congested Alexandria-the 6th of October-Great Cairo Area railway corridor, allowing for increased freight capacity and decongesting areas with high demand for passenger trains. Egypt's transportation sector is the second largest contributor to greenhouse gas emissions in the country, at around 19 percent, according to the World Bank. The international body estimates that the railway project will reduce emissions by 965,000 tonnes over 30 years.

Source: Reuters