China to loan $1 billion for sewage projects in Egypt

Cairo – Mubasher: Minister of Housing Mostafa Madbouly signed Monday a memorandum of understanding with contracting Chinese firm to carryout sewage projects across 260 villages in Monufia and Gharbia governorates.

A Chinese bank will offer a soft loan of $1 billion to implement these projects, said Madbouly.

The Chinese firm has presented a detailed financial and technical study regarding the implementation of these projects, noted Madbouly

Mubasher Contribution Time: 11-Jan-2016 12:43 (GMT)