EBRD chief praises progress on 3-year-old new capital project

CAIRO – 23 November 2019: President of the European Bank for Reconstruction and Development (EBRD) Sumantra "Suma" Chakrabarti praised the size of accomplishments in the New Administrative Capital (NAC) achieved over a short period of time.

Chakrabarti said he was told by the Rwandan Prime Minister Édouard Ngirente that the constructions he had seen on Friday in the new capital take up to 10-15 years in other countries and not just three.

The EBRD president's statements came during a meeting with Prime Minister Mostafa Madbouly on Saturday on the sidelines of Africa 2019 forum held in NAC.

The prime minister affirmed that Egypt attempts to concert continental and international efforts to reinforce infrastructure projects in Africa, including the ambitious plan to achieve electricity linkage between Egypt, Sudan, and Ethiopia.

Africa 2019 is held on November 22-23 in Egypt’s New Administrative Capital and is attendee by African heads of states, ministers, and 2,000 investors and development partners.