Sisi approves 2 loans bet. Egypt, AFDB worth $105M

CAIRO – 13 December 2018: President Abdel Fatah al-Sisi issued two decrees Dec. 13 approving two loan agreements between Egypt and the African development Bank (AFDB) for the Sustainable Development of Abu Rawash Water Treatment, Sewage Treatment and Sanitation projects.

Sisi issued decree No. 178 of 2018 approving a loan agreement with the African Development Bank for the Sustainable Development of Abu Rawash Water Treatment and Sewage Treatment Project for $100 million.

He also issued decree No. 179 of 2018 approving a loan agreement between Egypt and the African Development Bank on behalf of the Africa Fund for the sustainable development of Abu Rawash Water Treatment and Sanitation Project by $5 million.

Both agreements were signed on February 2, with the reservation subject to ratification.

In March, Minister of Housing Mustafa Madboli said that Egypt’s Cabinet approved a $1.5 African Development Bank (AfDB) loan to construct the sewage station’s project in Abu Rawash with a capacity of 1.2 million cubic meters per day.

Egypt approves $1.5M loan from AfDB

CAIRO - 18 March 2018: Egypt's Cabinet approved Sunday a $1.5 African Development Bank (AfDB) loan to construct the sewage station's project in Abu Rawash with a capacity of 1.2 million cubic meters per day, Minister of Housing Mustafa Madboli said.