EIB grants Egypt EUR 32m

Cairo - Mubasher: Egypt has signed two grant agreements with the European Investment Bank (EIB) for investment and technical support of infrastructure projects, with a total value of EUR 32 million (EGP 662 million).

Projects include a water treatment project in Kafr El Sheikh Governorate, with 97 villages and around 500,000 beneficiaries, according to the minister of investment and international cooperation, Sahar Nasr.

The ministry has obtained investments of $1.5 billion to develop the water and sewage projects across the republic, Nasr added.

Mubasher Contribution Time: 13-Sep-2018 14:37 (GMT)
Mubasher Last Update Time: 13-Sep-2018 14:37 (GMT)