Egypt Independent

China to loan $1 billion for drainage projects in Egypt



The Housing Minister attended the signing of a memorandum of understanding between the ministry and a Chinese firm to carry out drainage projects in 260 villages over four governorates with US$1 billion loan offered by the Chinese government.
 
Randa al-Menshawy, the deputy minister who supervises drainage projects in villages, said several meetings were held with the Chinese representatives. They expressed interest in the national drainage project in villages and cooperation with the ministry to carry out several projects in the villages that contribute to contaminating the Nile River.
 
In a statement on Tuesday, Menshawy said, “The loan will be financed by the Chinese government. The project should start within six months of signing the memorandum, according to Egyptian laws. The firm will offer technical designs and financial costs within three months.”
 
“The first phase of the project will include the four provinces of Giza, Monufiya, Gharbiya and Beheira. It will include the wastewater networks, links to the houses and treatment of the wastewater,” she added.
 
“The ministry is looking for loans and donations from other international donors to carry out projects in other villages. It has been agreed with the World Bank to offer the ministry another US$1 billion loan,” she said.
 
 
Edited translation from Al-Masry Al-Youm