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Thursday, 14 September 2017

Cabinet approves amendments to NPPA law

The Ismail cabinet signed off on the executive regulations for the law on repossession of illegally occupied land, which put in place a framework for inspecting and appraising reclaimed land, as well as the steps to be taken after illegally occupied state land is repossessed. Other key decisions taken during the weekly meeting include:

  • Approving the USD 575 mn contract between the Egyptian Railway Authority and General Electric to supply 100 locomotives;
  • Approving a KWD 200k grant from the Arab Fund for Social and Economic Development to finance technical studies for the 100 feddans project;
  • Granting the Egyptian Electricity Transmission Company approval to begin negotiations with Chinese firm State Grid for the second phase of developing Egypt’s national power grid.

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