Egypt Allocates USD850m For New Cities Infrastructure In 2013

The Egyptian finance ministry has decided to allocate EGP 5 billion (USD 850 million) for infrastructure projects in new cites in Egypt in 2013, a senior official in the New Urban Communities Authority (NUCA) told Zawya.

The housing ministry has targeted the completion of infrastructure including water desalination plants in New Cairo, Sohag and Akhmim, for which NUCA has allocated the EGP 5 billion from the budget for the fiscal year 2012-2013, which began on July 1.according to zawya.