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CAIRO – 8 June 2020: 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) launched Monday the second phase of the community development program with a total financing of LE 111 million.
The International Cooperation clarified in a statement that in the framework of the second phase, MSMEDA signed 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 centers.
The total agreements signed with the governorates estimated at LE 111 million.
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. “In addition to the improvement of side roads quality and safety in Assiut, Giza and Alexandria, and upgrade of a local market in Alexandria.”
“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,” it added.
According to the statement, the CDP is funded by a €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 LE 113 million, which is focused on the projects to be completed by the end of 2020, while phase two worth €111m is focused on works that will be completed by the end of 2023.
Minister of International Cooperation, Rania Al Mashat noted that investing in sustainable and resilient infrastructure is an investment in human capital and the productivity of our nation.
“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. In addition to the modernisation of a youth center in Port Said. Further investments in these sectors will be supported with the financing of phase two,” EIB Vice President Dario Scannapieco commented.