Egypt signed two grants worth EUR 32 mn with the European Investment Bank (EIB) on September 13 for infrastructure projects in the Nile Delta governorate of Kafr El-Sheikh, Invest-Gate reports.
“The first grant will see us receive technical assistance by the EIB for the Kafr El-Sheikh wastewater development project, which aims to improve health standards for nearly 500,000 residents living in 79 villages across the governorate,” Minister of Investment and International Cooperation Sahar Nasr said in a statement.
“It also aims to improve the efficiency of irrigation and environmental quality of the Nile, Lake Burullus, and the Mediterranean Sea,” she added.
Besides, EIB will invest in the city’s wastewater infrastructure, aiming to uplift the volume and quantity of fish in Lake Burullus. The grants should lead to a better agriculture production and create job opportunities in Kafr El-Sheikh, according to Nasr.
Meanwhile, Egypt’s Planning Minister Hala El-Saeed agreed on September 15 to allocate EGP 1.5 bn to support potable water and sewage projects across Egypt for the current FY 2018/2019, according to an official statement.
