Egyptian-Japanese $486m deals in effect before end-October - Minister

Cairo – Mubasher: The Egyptian-Japanese agreements that were signed during the presidential visit to Tokyo will be put into effect before the end of October.

The agreements include three projects worth $486.3 million and will be put in force after the approval of the parliament, the minister of international cooperation, Sahr Nasr, said.

The projects involve $243.3 million to raise the power efficiency and $91 million to establish a 20 megawatts (MW) photovoltaic power plant in Hurghada.

In addition, $152 million will be allocated to innovate Borg El Arab International Airport, according to a press release.

Moreover, Japan will contribute in developing around 100 schools in Egypt.

 

Mubasher Contribution Time: 10-Sep-2016 12:50 (GMT)
Mubasher Last Update Time: 10-Sep-2016 12:51 (GMT)