Cabinet has approved a EUR100 million loan provided by the European Bank for Reconstruction and Development (EBRD) to upgrade the country’s public transport sector. The loan is for the procurement of 13 new trains that would be operated on Line 2 of the Cairo Metro. The funding is in line with the EBRD’s new Integrated Approach for the Cairo Urban Transport Sector that aims to improve public transport services in Cairo and the surrounding areas. Earlier this month, EBRD’s Egypt Director Philip ter Woort said that the bank had invested EUR1.7 billion (USD2 billion) in Egypt through 32 projects since it started working in the country in 2012. EBRD’s investments were primarily dedicated to industrial, transport, energy and infrastructure sectors. (Amwal Al Ghad)