IBRD Loan: US$280 million
Terms: Maturity = 28 years; Grace Period = 7 years
Project ID: P101201
Project Description: The project aims to support Egypt’s air transport sector, which is highly strategic for the country’s economic development, through responding to the rapidly rising passenger traffic at the Cairo International Airport and reinforcing the role of CAI as a regional hub. The objectives of the project are to support the Government of Egypt in enhancing the quality of airport services through an increase in the capacity of Cairo International Airport (CAI), and, to strengthen air transport in Egypt. Furthermore the project will enhance Cairo Airport’s capability to serve as a hub for long-haul traffic on some of the most rapidly expanding routes (e.g. between Africa and Asia), thus contributing to enhance the Egyptian air transport industry's competitive edge and facilitating regional integration.