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Thursday, 3 January 2019

Egypt’s Cabinet approves three funding facilities for water projects

CABINET WATCH- Cabinet approves three funding facilities for water projects: Cabinet ratified during yesterday’s Council of Ministers meeting four agreements with preferential funding terms for water, sewage treatment and sanitation projects, according to a statement. The first, a KWD 15 mn facility from the Kuwait Fund for Arab Economic Development (KFAED), will be used to set up four desalination plants in South Sinai. The second, a KWD 25 mn facility also from KFAED, will go towards the construction of a sewage treatment facility in Sharqia. The third and fourth, EUR 79 mn and EUR 69 mn from the European Bank for Reconstruction and Development, will be used for the Kitchener Drain depollution project. The latter project had also received funding from other sources.

Also approved during the meeting:

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