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Thursday, 8 April 2021

USD 200 mn World Bank loan to fight air pollution gets House approval

Greater Cairo could soon see fewer polluting emissions with the help of a USD 200 mn loan from the International Bank for Reconstruction and Development, greenlit by the House of Representatives' Energy and Environment Committee on Tuesday, the local press reported. The World Bank lending arm will provide the funds for allocation towards Egypt’s “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 funding had been signed off by Cabinet in late February following the World Bank’s approval of the loan last fall.

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