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Thursday, 25 February 2021

Cabinet approves USD 200 mn green loan from World Bank

We should soon be breathing cleaner air in Greater Cairo with fewer emissions with the help of a USD 200 mn loan from the World Bank that earned Cabinet approval in its weekly meeting yesterday, according to a statement. The loan will go towards the so-called “green recovery” project, which will modernize air quality monitoring systems, establish safe landfills in Tenth of Ramadan City, safely eliminate dumps in Abu Zaabal, set up charging stations for electric vehicles and support other green initiatives. The World Bank had signed off on the loan in September.

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