| Financier | Commitments |
|---|---|
| Carbon Partnership Facility Tranche 2 | 8.32 |
Egypt Vehicle Scrapping and Recycling Program
Abstract*
The Egypt Vehicle Scrapping and Recycling Program will establish a mechanism through which owners of taxis, microbuses, trailer trucks and buses may voluntarily surrender their vehicles for managed scrapping and recycling, in exchange for financial incentives that may be used towards the purchase of new vehicles from participating vehicle dealers, under a closely monitored process. Carbon finance plays a critical role in ensuring the sustainability... Show More
Development Objective
The overall objective of the Carbon Finance program is to reduce greenhouse gas (GHG) emissions and air pollution associated with the aging fleet of taxi, microbuses, minibuses and buses in Egypt through purchase of Emission Reductions.
Key Details
Project Details
P119483
Closed
Arturo Ardila Gomez
Ministry of Finance
December 18, 2009
(as of board presentation)
June 20, 2010
July 12, 2010
US$ 8.32 million
Ministry of Finance
2010
US$ 8.32 million
A
December 19, 2024
June 30, 2021
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 8.32 |
| Total Project Cost** | 8.32 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2017-01-16 |
| Monitoring and Evaluation | Satisfactory | 2017-01-16 |
| Overall Implementation Progress (IP) | Satisfactory | 2017-01-16 |
| Project Management | Satisfactory | 2017-01-16 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.