Cabinet approves development projects

The Cabinet has on Tuesday approved a draft presidential decree to re-allocate 2744.4 acres of state land in Al-Amal, Ismailia to build a residential, ​​industrial, service and tourism area.

The council also approved another draft decree to re-allocate state-owned property for development projects in Minya in accordance with the regulations of the Ministry of Agriculture and Land Reclamation.
It also approved a third decree for a loan agreement between the government and the Arab Fund for Economic and Social Development to finance a power plant in Assiut with 55 million Kuwaiti dinars (US$200 million), which was signed in Cairo on 24 March 2014.
The Cabinet further approved a draft decree for long-term credit facilities by the French Development Agency to support micro and small enterprises in slum so as to create job opportunities and raise standards, which was also signed in Cairo on 24 March 2014.
It agreed to increase funds for the mechanical treatment station of the Tenth of Ramadan City by LE370 million, for the New Cairo sewage station to reach LE300 million, and for the integrated sanitation project for the villages of Mohamed Island and Tanash in Giza to reach LE225 million.
It also approved LE15 million for the sewage station of the industrial zone in East Qantara, Ismailia, agreed to a project to build 3,624 housing units in Giza within the national program for social housing to sell at LE110,000 per unit, and approved other sanitation projects in Beni Suef, Fayoum, Kafr El-Sheikh, Beheira, Sohag and Gharbiya.
More approved projects were the Greater Cairo ring road extension to the city of Belbeis, which costs LE592 million, the morgue of the Veterinary Medicine Faculty in Sadat City, which costs LE18.3 million, and 20 more apartment buildings in Ismailia, which cost LE43.2 million.
Edited translation from Al-Masry Al-Youm

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