Egypt invests 124bn pounds in Beni Suef’s water, sewage projects in the past 4yrs

Egypt has pumped investments of 124 billion Egyptian pounds ($7 billion) into a number of drinking water and sewage flagships in Beni Suef, 120km south of Cairo, during the past four years.

The country has implemented a bunch of urban development projects in Upper Egypt since 2014, with investments worth around 58 billion pounds, Egyptian Minister of Housing Moustafa Madbouly said Sunday.

These works included 119 drinking water and waste water projects, at a cost of 9.9 billion pounds as well as 119,000 social housing units, at costs of 24 billion pounds, Madbouly further stated.

“They (projects) encompassed urban development in 15 new cities, at a cost worth 23 billion pounds and roads of 280km, at cost worth 9 billion pounds,” the Egyptian minister added.

Madbouly referred that the state has completed 119 drinking water and sewage flagships in Upper Egypt, at a cost estimated at 9.9 billion pounds.