LE60.9B allocated to water projects, housing in FY2020/2021

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Sat, 02 May 2020 - 01:14 GMT

FILE - Rawdat al-Sayeda social housing units

FILE - Rawdat al-Sayeda social housing units

CAIRO – 2 May 2020: Minister of Planning, Follow-up and Administrative Reform Hala al-Said announced Saturday the allocation of LE60.9 billion in FY2020/2021 budget to the introduction of water supply and wastewater networks, and building residential units.

The ministry plans to raise the coverage of the water supply network from 98 percent to 98.5 percent introducing 12,800 kilometers for 2.6 beneficiaries. The focus will be on new and deprived communities in Daqahliya, Giza, Qalyoubeya, Matrouh and Beni Suef.

In parallel, 40 water purification plants with a total capacity of 857,000 cubic meters of water daily will be established. That is in addition to 52 wastewater treatment plants in Upper Egypt and the rehabilitation of eight others.

LE1.1 billion is dedicated to the introduction of infrastructure in new cities, including New Rafah City, and 500,000 social and middle-income housing units will be built across the country.

In the draft budget, total investments are estimated at LE740 billion down from LE840 billion expected in FY2019/2020, which is less than the approximately LE970 billion achieved in FY2018/2019. That is due to COVID-19 global crisis.

In order to make up for the decline in private investments, public investments will compose 80 percent of total investments pumping LE595 billion, including LE281 billion governmental investments with an increase of 34 percent compared to FY2019/2020.

In FY2020/2021 budget, the total expenditure and revenues are worth LE1.7 trillion and LE1.3 trillion, respectively.

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