Egypt approves new PPP projects as part of drive to expand private sector role
Egypt’s Supreme Committee for Public-Private Partnership (PPP) Affairs, chaired by Prime Minister Moustafa Madbouly, on Monday approved several new infrastructure projects, including a large-scale desalination plant in New Alamein, as part of efforts to expand private sector participation in public services.
The Alamein Desalination Plant, with a capacity of 180,000 cubic metres per day, will be implemented under the PPP framework, the Cabinet said in a statement. The committee also endorsed the termination of a number of underperforming contracts to improve efficiency and ensure better value for both the government and private investors.
Atter Hannoura, Head of the Finance Ministry’s PPP Unit, presented the results of a joint review involving the ministries of finance, planning, housing, transport, and local development.
The committee approved a list of new projects to be tendered under the PPP scheme across the New Urban Communities Authority (NUCA) and the governorates of Giza, Qalyubia, and Beheira. It also cleared five electricity substation concession projects for auction in Sadat City, New Aswan, New Mansoura, and 6th of October City, in line with Egypt’s PPP Law No. 67 of 2010.
Meanwhile, the committee agreed to terminate contracts for substation projects in Belbeis, New Borg Al-Arab, and 6th of October City to streamline ongoing developments and enhance project performance.
Attribution: Amwal Al Ghad English