April 20, 2024 12:02 am
Egypt to receive 61.5 million euros in new funding from the European Union

In recent news, the Egyptian Ministry of International Cooperation signed a financing agreement worth 61.5 million euros with the French Development Agency and the European Union to complete the Yellow Mountain water treatment plant project in Cairo. This project is focused on enhancing climate change adaptation efforts and water projects in Egypt, which make up a significant portion of the development cooperation portfolio with the European Union.

The agreement includes a development financing agreement worth 50 million euros, a grant worth 1.5 million euros, and a grant agreement worth 10 million euros between the European Union and the French Development Agency. These funds will go towards the implementation of the third phase of the Al-Jabal Al-Asfar water treatment plant project, which serves 17.5 million people by collecting and treating wastewater. The project aims to increase the station’s capacity by one million cubic meters per day using advanced technology and tertiary treatment for treated water provision for agricultural irrigation and biogas generation.

Dr. Rania Al-Mashat, Minister of International Cooperation, highlighted the importance of the water sector in Egypt’s development and its impact on achieving comprehensive development. She emphasized that this financing agreement coincides with World Water Day and is part of joint Egyptian-European relations under the “Team Europe” initiative. The French Ambassador to Egypt and Head of EU Delegation to Egypt both stressed that cooperation in water security and management is crucial for sustainable development and environmental conservation efforts.

The successful completion of this project through collaborative efforts between Egypt and EU signifies their shared commitment towards improving services for around 17 million people in Cairo while working towards common development goals through joint efforts.

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