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Wednesday, 27 September 2017

Cabinet grants preliminary approval to establishing garbage collection holding company

The Ismail Cabinet has approved in principle establishing a holding company for garbage collection, Environment Minister Khaled Fahmy announced yesterday, Al Shorouk reports. Fahmy and Local Development Minister Hisham El Sherif met with other cabinet ministers and MPs to discuss the proposed company, which Fahmy said would be under the dual supervision of the environment and local development ministries. MP Mona Gaballah had said earlier this week the government would hold a 51% stake in the company, with the remainder being opened to other stakeholders including investors, banks, and garbage collectors unions.

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