Cairo – Mubasher: Egypt and France signed nine agreements to implement several projects in the sectors of water treatment, sanitation, electricity, and railways, totaling EUR 262.30 million.
Rania El-Mashat, Minister of Planning, Economic Development, and International Cooperation, signed two agreements with the French side, according to a press release.
The agreements included a joint declaration to renew technical and financial cooperation to establish key projects in Egypt, which is a renewal of the agreement signed on 13 June 2021.
Moreover, the deals involved four priority projects that will support economic development in Egypt, backed by a shared vision between the two countries.
Regional Control Center Project in Alexandria
The two countries inked two agreements for concessional financing and a grant to establish a regional control center project in Alexandria, with EUR 50 million financing from the French Development Agency (AFD) and a EUR 10 million grant from the European Union (EU).
The project aims to provide stable, high-quality electricity supplies to the residents of Alexandria and enhance the control facilities of the electricity grid, making Alexandria a strong regional energy hub.
New Wastewater Treatment Plant Project in East Alexandria
France and Egypt signed agreements for the New Wastewater Treatment Plant project in East Alexandria at a value of EUR 68 million in financing from the AFD and a EUR 2 million grant for the Ministry of Housing, Utilities, and Urban Communities.
The project aims to contribute to improving wastewater treatment services in the country, as it is expected to alleviate pressure on the existing facility due to the growing population.
It also aims to serve approximately 1.50 million people upon completion of the first phase, which will continue until 2032.
Robiki / 10th of Ramadan / Belbeis Railway Line Project
The two sides also inked the financing and grant agreements for the Robiki / 10th of Ramadan / Belbeis Railway Line Project, with EUR 70 million financing from the AFD and an EUR 800,000 grant for the Ministry of Industry and Transport.
The project aims to boost economic growth and secure job opportunities by facilitating the movement of goods from dry ports to the sea, while lowering transport costs and time.
Al Gabal Al Asfar Wastewater Treatment Plant Project
They also signed the financing and grant agreements for the Al Gabal Al Asfar Wastewater Treatment Plant Project, with financing from AFD amounting to EUR 50 million to enhance the sustainable development of the water and sanitation sector.
