FILE - Building of Suez Canal Authority in Port Said
CAIRO - 2 February 2021: The Ministry of Planning and Economic Development issued a report indicating the features of the "citizen's investment plan" in Port Said governorate for the fiscal year 20/2021.
Hala El-Said, Minister of Planning and Economic Development, said that the medium-term sustainable development plan attaches great importance to spatial justice, in health, education, and the use of economic resources and others, which represents a positive impact on society from the perspective of cohesion, stability, and sustainable inclusive growth, as well as achieving comprehensive and balanced development between the various regions and governorates of Egypt.
On the citizen's investment plan in Port Said Governorate, El-Said explained that the number of development projects in the governorate reaches 151 projects and that the value of public investments directed to Port Said governorate in the 20/2021 plan is LE18.3 billion, with an increase of 260% over the plan for the year 2019/2020, representing 7.1% Of the public investments distributed.
El-Said pointed out that the growth rate in investments financed by the public treasury and directed to Port Said governorate reaches 26%.
About the sectoral distribution of public investments targeted in Port Said governorate in the 2021/2021 plan, El-Said indicated that investments worth LE 11.6 billion will be directed to the Suez Canal, which is 63.2% of the budget. LE 4.4 billion are going to the housing sector. That is 24.2% of the allocations. Local development and higher education are getting LE 924.9 million (5%) and LE 650 million (3.6%), respectively. LE 194 million (1%) are directed at the irrigation sector while LE 541.3 (3%) will be used in other different sectors.
The report of the Ministry of Planning and Economic Development indicated that the most important development goals in the housing sector in Port Said governorate in the 2021/2021 plan are to direct about LE 1.3 billion to drinking water and sanitation services, in addition to directing about LE 2.8 billion to the National Program for Social Housing in Port Said Governorate.
The most important projects related to the development of the Suez Canal, according to the report, are the construction of locomotives and dredges, the development of launches for the service of navigation, the construction and strengthening of sedimentation basins, the construction of new cladding in the west and east of the canal, the renewal of the arsenals (Port Said - Port Tawfiq) and the establishment of several workshops and docks.
Moreover, the most important projects include the repair of marine units, the construction of western breakwaters and Sharkia, and the development of the docks of Gouna launches on the eastern Port Said branch.
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