(Photo Cabinet Handout)
Egypt’s cabinet approved during a Thursday meeting the implementation of nine new infrastructure projects in different governorates at a total cost of EGP 391.6m.
A request from Ministry of Housing to renovate a water station in Assiut for EGP 50m was approved “in order to increase the current insufficient water supply in the governorate,” according to a cabinet statement.
The state-owned El-Nasr Building and Construction Company was assigned to construct a EGP 90m sewage treatment plant in Agami city in Alexandria, a EGP 50m sanitation project in Borg El Arab, Alexandria, and two sanitation projects in Gharbiya and Sohag governorates with a total worth of EGP 50m.
In Qaliubiya governorate, three roads will be upgraded: two roads in Banha city, for the price of EGP 17.9m, and one road in the Ahmed Orabi area, for the price of EGP 22.1m. EGP 26.6m was also set aside to develop a Qaliubiya square.
The government allocated EGP 85m to develop roads and build water and sanitation stations Badr City, Cairo Governorate, according to the statement.
Infrastructure projects dominated the government’s first EGP 26.9bn economic stimulus package, announced in August, which is expected to encourage the private sector to increase investment in Egypt.
The stimulus package supported strengthening electricity grids, completing 17 road projects to link governorates, constructing 50,000 residential units, and reclaiming 32,600 agriculture acres, among other projects.
On 19 February, the government announced that it had completed the infrastructure to bring natural gas to 340,000 residential units and reformed 150 railway crossings.
International investors, such as the International Finance Corporation, a member of the World Bank Group, have also expressed interest in strengthening Egyptian infrastructure.
