Magazine article The Middle East

EBRD, EIB & EU Aid Egypt

Magazine article The Middle East

EBRD, EIB & EU Aid Egypt

Article excerpt

The European Bank for Reconstruction and Development (EBRD), alongside the European Investment Bank and the European Union's Neighbourhood Investment Facility (NIF) will help improve the living standards of around 500,000 Egyptians with a 55 million [euro] loan for the expansion of wastewater treatment in the northern governorate of Kafr el-Sheikh.

The funding will support the construction of two new wastewater plants, the expansion of three existing plants and the installation of 700 km of pipes and 52 pumping stations.

The total cost of the investment programme is 164 million [euro]. In addition to the EBRD financing, the European Investment Bank is providing a loan of 77 million [euro] and the EU Neighbourhood Investment Facility (NIF) is making a grant of 32 million [euro].

Egypt's sewage infrastructure serves only around 40% of the country's population. In addition, access to sanitation is distributed unevenly. While 90% of the existing sanitation network covers urban areas, rural areas remain drastically underserved and, as a result, are facing significant environmental threats and health risks.

Expanding the wastewater treatment facilities in Kafr el-Sheikh will substantially reduce the level of pollution from untreated domestic wastewater and thereby the contamination of surface and ground water. The investment will also benefit Lake Burullus, the main fishing lake in Egypt, and the Mediterranean Sea by protecting them from polluted wastewater. …

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