📋 Tender Overview
Project ID: 55464
Status: Approved
Location: Egypt
Business Sector: Transport
Notice Type: Private
Environmental Category: B
Approval Date: 03 Jun 2025
Disclosure date: 04 Jun 2025
Project Description
Provision of a senior loan of up to EGP 616.9 million (ca. EUR 10.6 million) to Go Bus ("Go Bus" or the "Company") to support the acquisition of: (i) up to 30 new buses to operate as part of their inter-city transportation services, (ii) up to 6 electric micro-buses for shorter routes and up to 3 EVs operating intracity.
Project Objectives
The objective of the Project is to support Go Bus's operational expansion and fleet renewal through acquisition of modern buses for long-haul inter-city operation and electric vehicles ("EVs") for operation on shorter routes.
Transition Impact
ETI score:67
primary transaction impact of the Project is Well-Governed as it supports the improvement of the Company's governance standards through the establishment of a focused Anti-Corruption Action Plan ("ACAP").
The secondary transition impact of the Project is Integrated as the new fleet to be acquired will be used for inter-city transportation, where some routes are serviced only by the Company with the alternative transport mode being private vehicles or domestic flights, which are more polluting.
Client Information
GO BUS FOR TRANSPORT SAE
The Borrower is Go Bus, one of the leading private inter-city bus transportation companies in Egypt since 1998. Go Bus currently operates 26 routes throughout Egypt, including 16 originating from Cairo and leading to popular destinations such as Alexandria, the North Coast, Marsa Allam, Luxor and Dahab. Go Bus maintains a strong regional presence with 63 stations spread across various governorates and operates a fleet of more than 290 buses, serving approximately 2.5 million passengers annually. While inter-city transportation forms its core service, Go Bus also operates other revenue-generating lines of business. Notably, "Go Express" offers land shipping services on its buses, "Go Limo," a premium limousine service, operates a fleet of 39 vehicles. While "Go Mini" is a ride-hailing app providing fast, safe and budget-friendly inter-city transport solutions, serving an average of c. 75,000 passengers per month.
