Egypt allocates LE19.8B to implement governments' investment plan during 2021/22

CAIRO – 12 July 2021: Minister of Local Development, Mahmoud Shaarawy, announced the allocation of about LE 19.8 billion to implement the governorates' investment plan during the next fiscal year 2022-2021.

Shaarawy said in a statement, Monday, that these funds will be used to support the urgent and emergency needs of the governorates and to complete the implementation of projects that have been started in the areas of extending and strengthening electricity networks, lighting, paving roads, improving the environment, security, firefighting and traffic, and supporting the needs of local units.

He stressed that the implemented projects aim to improve the environmental situation to preserve the health of citizens, improve electricity services to meet the needs of citizens, allow the implementation of small and medium-sized projects with economic returns, facilitate movement between villages and cities, solve traffic jams and facilitate the transportation of products to improve the economic situation of citizens, and preserve their lives and properties.

The minister said that the 2021-2022 plan will witness the implementation of a large number of projects at the governorate level, to meet the demands of the people of the governorates and in line with the government's priorities.

He stressed that the plan took into account the fairness of distribution between the regions and governorates to bridge the development gaps and so that citizens feel the results and fruits of the projects being implemented, especially with the improvement of the level of services provided to citizens in various sectors and service areas.

Shaarawy pointed out that Upper Egypt, which includes the governorates of Beni Suef, Fayoum, Minya, Assiut, Sohag, Qena, Luxor, Aswan, New Valley and the Red Sea, took the lead in the allocations directed to developing services in them and making the greatest possible impact in facilitating the lives of citizens, with funds amounting to LE 8.1 billion.

He also noted that LE 4.3 billion has been allocated to the Greater Cairo Region, which includes the governorates of Cairo, Giza and Qalyubia.

The appropriations allocated to the Alexandria region, which includes the governorates of Alexandria, Beheira and Matrouh, amounted to LE 2.2 billion, while the appropriations of the Delta region, which includes the governorates of Menoufia, Gharbia, Kafr El-Sheikh, Damietta, and Dakahlia, amounted to LE 2.6 billion.

The credits of the Sinai region, which includes the governorates of North and South Sinai, amounted to LE 636 million, and the Canal region, which includes the governorates of Port Said, Ismailia, Suez and Sharqia, allocated LE 2.1 billion.