Egypt's Fayoum to receive LE491.5M in public investments in FY2020/21


Wed, 06 Jan 2021 - 05:05 GMT

FILE - Tourists in Fayoum's Wadi Al Rayan

FILE - Tourists in Fayoum's Wadi Al Rayan

CAIRO - 6 January 2021: A Ministry of Planning and Economic Development delegation visited Fayoum Governorate Wednesday to  follow up on governorate-wide development projects set in the fiscal year (FY) 2020/21 investment plan.


Minister of Planning and Economic Development Hala El-Said met with Fayoum Governor Ahmed Al-Ansari and Heba Mugheib, Head of the Ministry of Planning and Economic Development’s Regional Planning Sector, and their accompanying delegation.


During the meeting, the rates of project implementation work under the FY 2020/21 plan were reviewed and discussed. The projects are set to receive investments of about LE LE 491.5 million, which will go towards paving roads, improving the electricity network, strengthening local units, and improving the environment.


The delegation’s visit included field trips to several projects that are underway as part of the FY 2020/21 plan, as well as the projects under the Economic Housing Fund. The projects are located in Bandar Al-Fayoum, as well as in the villages and city centres of Abshway, Senouras, and Tamiya.


This came alongside a visit to the under-progress building of issuing car and driving licenses in Bandar Al-Fayoum. The total cost of the project stands at about LE 16.450 million, and is expected to be completed in February 2021.


The visit also included follow up on the completion of the economic housing project in Tamiya city, where three residential buildings have been constructed. A total of 66 apartments divided between social and administrative housing, as well as commercial shops, make up the project, which received LE 14 million in funding.


The delegation reviewed the Fayoum Governorate’s projects to pave roads, including the paving of the cemetery road in Abshway at a cost of about LE2.5m, and whose completion is expected in March.



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