El Mostkbal for Urban Development will launch a water treatment plant in New Cairo, the first phase of which will cost EGP 250 million, according to the company’s chairman Essam Nassif, reported Amwal Elghad.
The company will appoint local contractors for the construction of the new plant. Further, it is set to sign a contract with the New Urban Communities Authority (NUCA), wherein the latter will provide 300,000 cubic meters of drinking water to Mostakbal City per day at a cost of EGP 2 billion, Nassif continued. He noted that the company has paid around 400 million pound to the NUCA while the rest will be paid over three years.
Mostakbal City is one of the largest planned mixed-use projects located in New Cairo, built on an area of 45 million square meters and consisting of five phases.