Egypt’s Housing Ministry-affiliated Central Agency for Reconstruction is carrying out a number of developmental and services projects in Port Said Governorate, northeastern part of the state, said the agency’s head on Sunday.
Mustafa El-Ajouz further added that the flagships, which are with investments of around 7.1 billion Egyptian pounds (US$397.3 million), aims to serve Port Said’s residents in roads, social housing, and services buildings fields.
“We have completed the implementation of two projects in Port Said during the financial year 2017/2018 among the agency’s investment plan, at a cost worth 86.5 million pounds,” El-Ajouz noted.
The Egyptian official referred that these works are a bridge project, at a cost of 72 million pounds and a road project, at a cost of 14.5 million pounds.
In addition, El-Ajouz said that the agency is currently implementing five projects in Port Said. These projects will be finalised within the financial year 2018/2019, within an investment cost estimated at 5.276 billion pounds.
El-Ajouz clarified that the agency is executing two projects in the governorate on behalf of the state’s Industrial Development Authority (IDA), at a cost of 262 million pounds. They are to be completed within the financial year 2018/2019.
The agency partakes in establishing 4,824 social housing units in Port, at a cost of 1.1 billion pounds and completing the first phase of 1,810 housing units as part of the state’s social housing project there, at cost of 368 million pounds, El-Ajouz elaborated.
These works are financed by the Housing Ministry, he concluded.
As for Central Agency for Reconstruction, it is one of the bodies affiliated to the country’s New Urban Communities Authority (NUCA) and it is responsible for executing the state’s policy related to construction and reconstruction.