The Ministry of International Cooperation (MOIC), the European Union (EU), the European Investment Bank (EIB) and the Micro, Small, and Medium Enterprises Development Agency (MSMEDA) have launched the second phase of the community development program with a total financing of EGP 111 million.
In the framework of the second phase, MSMEDA signed Framework agreements with five Egyptian governorates to support the provision and enhancement of community facilities, including drinking water networks, sewage networks, paving side roads with interlocking paving, schools, health clinics, and youth centres.
The Community Development Program (CDP) aims at financing investments in community infrastructure to improve living standards for disadvantaged and vulnerable persons living in and around urban centres in several Governorates in Egypt. The program answers multiple Sustainable Development Goals (SDGs) including Decent Work and Economic Growth, Industry, Innovation, Infrastructure and Sustainable Cities and Communities.
The CDP is funded by a EUR 15 million grant from the European Union under the Neighbourhood Investment Facility (NIF) and is delegated to the European Investment Bank. It is implemented in two phases: phase one, worth EGP 113m million, which is focused on the projects to be completed by the end of 2020, while phase two worth EGP 111m is focused on works that will be completed by the end of 2023.
Under phase two of the program, MSMEDA signed framework agreements totaling EGP 111 million with five governorates. The projects financed under phase two include the upgrade of 1.75 km of water supply networks in Assiut, The extension and upgrade of 32.1 km of sanitation networks services in Assiut, Giza, Port Said, and Sharkia. The improvement of side roads quality and safety in Assiut, Giza and Alexandria, and upgrade of a local market in Alexandria.
Dario Scannapieco the EIB Vice President commented on the launch of the second phase “As the EU bank, we continue to support a sustainable, modern economy in Egypt and to reinforce its economic resilience. The Community Development Program is progressing in a very satisfactory manner.”
Under phase one of the program, MSMEDA signed financing agreements totalling EGP 113 million with six governorates. The projects financed under phase one included the rehabilitation of five health centres in Menofeya, Assyout, and Sharkia. The modernisation of 17 schools in Giza, Menofya, and Port Said. The extension and upgrade 34 km of water supply networks in Alexandria, Giza, Menofya, and Sharkia. The extension and upgrade 14.7 km of sanitation networks services in Assiut and Alexandria. The improvement of side roads quality and safety in Menofya and Sharkia using interlocking paving for narrow roads 83000 m2. And the modernisation of a youth center in Port Said. Further investments in these sectors will be supported with the financing of phase two.
Original source: EIB
Published on 08 June 2020
