Housing, infrastructure projects accomplished in Upper Egypt since 2014 worth LE63B

CAIRO – 5 January 2021: Minister of Housing, Utilities, and Urban Communities Assem al-Gazar stated Tuesday that the value of housing and infrastructure projects accomplished in Upper Egypt since 2014 is LE63 billion.

The breakdown is LE13.2 billion for building 130,892 residential units; LE389 million for building 36,869 alternative fully-furnished housing units granted to former slum dwellers; LE11.3 billion for constructing 931 roads; LE34.5 billion for establishing 271 water supply and wastewater networks and renovating 1,654 existing ones as well as treatment plants; and, LE3.6 billion for introducing 412 service buildings.

The projects were carried out in existing cities, eight new cities, and six fourth-generation cities.  

In a different context, Petroleum Minister Tareq Mulla announced on December 31 a high-octane benzine complex project has entered pilot stage in line with the set plans and timetable.

He hailed the project as being accomplished in record time in view of the coronavirus challenges, commending the painstaking efforts exerted by ENPPI, Petrojet and Assiut Oil Refining Company (ASORC).

 

He noted that the complex worth $450 million of investment secures about 800,000 tons of fuel annually, adding that this amount was previously imported to cater for local market needs.
 

The minister added that a new diesel oil complex has been also established by the Assiut National Oil Processing Co. (ANOPEC).
 

The complex at $2.9 billion produces about 2.8 million tons of diesel oil, 400,000 tons of naphtha which is used for producing high-octane fuel, 100,000 tons of butane gas, 300,000 tons of coal and 66,000 tons of sulfur.

Additional reporting by MENA