"Local development": € 481 million from the European Bank to clean up the Bank of Kitchener



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Published on:
Tuesday, July 10, 2018 – 12:12 pm
| Last update:
Tuesday, July 10, 2018 – 12:12 pm

The head of the delegation of the European Bank: Egypt is one of the main countries of investment and cooperation between the two sides Next period
The Minister of Local Development, General Mahmoud Shaarawi met on Tuesday with the delegation of the European Bank for Reconstruction. To discuss the cooperation between Egypt and the European Bank during the coming period and to discuss the latest developments of the Bank of Kchner compensation project, which crosses three provinces, "Western, Dakahlia and Kafralshekh" and financed by several donors for 481 million euros. During the level of the meeting The cooperation between the two parties welcomed the proliferation of areas and projects of cooperation during the coming period, especially in the governorates of Upper Egypt and the most needy governorates , to establish new projects beneficial to citizens. And a positive return on about 180 villages in the three governorates, which cross 118 villages in Gharbiya, 29 in Dakahlia and 35 in Kafr Al-Sheikh, stressing that it will help reduce pollution in the bank and establish an environment modern in cooperation with the best international experience and improve health and the environment The Minister also welcomed the joint efforts of the Government and its various ministries to manage the project with international donors in particular, highlighting the cooperation of the Ministry with Sahar Nasr, Minister of Investment and International Cooperation, and Dr. Yasmin Fuad, Minister of the Environment, participated in this project and held several meetings during the last coordination period at this meeting. respect.

The project also aims to improve the health conditions of the inhabitants of the three governorates. And improving the quality of water, noting that political leaders and the government are serious in development issues of interest to the citizen, to ensure a decent life in the provinces where the project pbades.

The minister pointed out that the department is involved in the implementation of the project. And international cooperation in the field of development in Upper Egypt in the governorates of Qena and Sohag, which is implemented in cooperation between the Egyptian government and the World Bank with a value of 500 million dollars for each party. WP [Jan, 2009] Janet Haikman reviews the Bank's most important projects in Egyptian governorates, explaining that the Bank has financed a number of projects and sectors in Egypt in general over the last four years of 3, 5 billion euros

And pointed out that Egypt is the second country to invest in the bank, stressing that cooperation will be strengthened in the coming period between the two parties, from Establish projects in the provinces Number of bank offices and branches in some countries Governorates of Ismailia and Assiut

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