Egypt, EIB sign €15 mln grant deal for community facilities

Egypt and the European Investment Bank (EIB) have signed a €15 million grant agreement to improve community facilities in the country.

The deal was signed during the Africa 2018 Forum held in Sharm El-Sheikh, which concluded on Sunday.

The 15 million euro grant aims to improve community facilities such as schools, health clinics, and community centres in several governorates.

The European Union has previously pledged €55.8 million in grants to Egypt to support sanitation programmes and renewable energy in the country.

The first grant, which is worth €45 million, is allocated to the Kitchener Drain project, which aims to deal with wastewater and sludge treatment, solid waste, and drainage improvement in Daqahliya, Gharbiya, and Kafr El-Sheikh governorates.

The second grant, which is worth €10 million, aims to boost reforms in the fields of renewable energy and water resources through strengthening the capacity-building process.

Source: Ahram Online

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