State-run National Investment Bank (NIB) is studying securing a loan worth EGP1.4bn (USD157.6mn) for the Egyptian National Railways (ENR). Momtaz al-Saeed, Board Member at NIB, said the loan under study would finance ENR’s investment projects for the current year. NIB also plans to secure loans worth EGP2.4bn in favour of the country’s economic projects in the coming financial year, al-Saeed added. Investments in projects are expected to reach EGP48.7bn in 2016-17 financial year, including EGP18.4bn for Suez Canal projects and EGP8.3bn for education and health services projects. These planned investments are 84% self-financed, while the remaining share is financed by NIB, the country’s treasury, and other sources. (Amwal Al Ghad)