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Sunday, 23 September 2018

Cabinet signs off on various int’l funding agreements at weekly meeting

CABINET WATCH- Cabinet signs off on various int’l funding agreements at weekly meeting: The Madbouly Cabinet signed off on a number of international funding and aid agreements on Thursday, according to an official statement. including a EUR 243 mn agreement with South Korea for the supply of 32 metro cars for the Cairo Metro lines 3 and 4. In addition to approving to a USD 3.7 mn MoU between Egypt and the International Labor Organization for a three-year program to support private sector and SME development, ministers also signed off on amendments to three US aid agreements, including a USD 200 mn higher education support package, a USD 64.67 mn grant for agricultural development, and a USD 20 mn agreement on science and tech cooperation.

Also on Thursday, Cabinet signed off on:

  • A decision allocating government-owned land in Sharqiya for free to the Egyptian Electricity Holding Company to build a new transformer station, as well as land in Beheira to the Beheira Distribution Company for a new control unit;
  • A presidential pardon for some inmates on 6 October anniversary;
  • A decision that outlines the roles and responsibilities of deputy ministers for the ministries of planning and agriculture.

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