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Tuesday, 26 October 2021

Egypt seeks funding for Lake Victoria-Mediterranean river link studies

Egypt seeks funding for Lake Victoria-Mediterranean river link: Egypt and several Nile Basin countries are on the lookout for USD 11.7 mn to fund the second phase of feasibility studies to move ahead with the proposed Lake Victoria-Mediterranean Sea river transport route, Transport Minister Kamel El Wazir said during a roundtable at Cairo Water Week, according to a ministry statement. The project has been placed on a list of priority infrastructure developments for the continent, and will be managed from offices in Egypt and Uganda. The second phase of studies involves looking into the technical, economic and environmental aspects and running costs, with the preliminary studies having been funded by a USD 650k grant from the African Development Bank

Qatari Diar has begun work on the EGP 1 bn first phase of its CityGate development, agreeing with Consolidated Contractors Company to implement the project in a ceremony yesterday, Al Shorouk reports. The New Urban Communities Authority (NUCA) approved the company’s license to continue work on the project earlier this year following a four-year dispute.

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