Allocations for North Sinai investment plan reach LE 286.55: Governor

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Tue, 25 Aug 2020 - 01:10 GMT

An employee counts money at an exchange office in downtown Cairo (Photo credit: Reuters/Amr Abdallah Dalsh)

An employee counts money at an exchange office in downtown Cairo (Photo credit: Reuters/Amr Abdallah Dalsh)

CAIRO – 25 August 2020: Allocations for North Sinai’s investment plan during 2020/2021 amounted to LE 286.551 million, of which LE 280.9 million are funded by the National Investment Bank and the Public Treasury, and LE 5.65 million are self-financing, according to Governor of North Sinai Mohamed Abdel-Fadil Shousha.

 

Shousha added, Tuesday, that the funds for the basic investment plan were distributed on the basic development axes by LE 55.5 million for electricity, LE 87.2 million for roads, LE 59.9 million for improving the environment, LE 63.9 million to support local units, LE and 20 million for security, traffic and firefighting.

 

He stressed the speed of presenting the investment plan projects until their implementation is completed on the specified dates, noting that the percentage of implementation of investment plan projects in various sectors reached 99 percent in 2019/2020.

 

For his part, Director General of the Planning Department at the Governorate General Bureau, Mohamed Abdel Khalek, confirmed that the investment plan funds were distributed by LE 45.2 million for Al-Arish, LE 38 million for Bir al-Abd, LE 24.3 million for Sheikh Zuweid, LE 23.2 million for Al-Hasana, and LE 30 7 million for Nakhel, to support electricity and road programs, improve the environment, local units, firefighting, and traffic.

 

 

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