Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed approved the allocation of EGP 1.627bn on Wednesday for required investments to implement stalled and urgent projects across different governorates.
In a press statement, Al-Saeed announced that this comes withing the framework of the state’s assistance for stalled projects, so they can contribute to the economy and create job opportunities for youth.
The sum approved by the ministry included the provision of EGP 955m to fund an urgent implementation plan for a number of projects, while EGP 672m was allocated for other troubled and stalled projects.
These projects include the allocation of EGP 92m to Hihya Liver Hospital in Sharqia governorate and EGP 205m for a sewage project in Minya’s Bani Rouh village, in addition to the allocation of EGP 100m for the establishment and development of a number of youth centres.
Furthermore, Al-Saeed said that the elimination of the problems of these troubled projects would save billions of pounds, and maximise the efficiency of investment spending, pointing out that the government gives the utmost importance to giving strong support to all stalled projects, and does so in cooperation with all state institutions according to a specific timetable.