Egypt has secured €262.3 million to finance key infrastructure projects, including electricity grid upgrades, wastewater treatment expansion, and railway development.
Egypt has secured €262.3 million in concessional financing and grants through nine agreements with France and the European Union, aimed at advancing critical infrastructure projects across the country.
The agreements were finalized when French President Emmanuel Macron made his official visit to Cairo and they cover various areas including energy together with water and sanitation and transportation systems.
The modernization of Alexandria Regional Control Center receives €60 million through a combination of €50 million AFD loan and €10 million EU grant funding.
The planned initiative will improve power reliability across nine million houses and establish connections between renewable energy systems into the national power network.
The water and sanitation sector receives AFD financing amounting to €68 million together with a €2 million grant to construct a new wastewater treatment plant in East Alexandria.
The new wastewater treatment facility will provide services to 1.5 million people during the upcoming years as the region experiences population growth.
The agreements contain €70 million financing alongside an €800,000 grant which supports the development of the railway project between Rubiki–10th of Ramadan–Belbeis.
The goal of this initiative is to develop better freight connections between dry ports and seaports so costs decrease and industries develop stronger.
The Gabal El-Asfar Wastewater Treatment Plant receives financing from AFD worth €50 million and AFD grants amounting to €1.5 million and a €10 million grant from the EU for its expansion project.
The project expansion of this plant will boost the facility’s output for serving Cairo’s urban dwellers while implementing energy-saving solutions to minimize environmental impact through emission cuts.
French President Macron declared France’s continuing commitment to help Egypt achieve stability while promoting development across the region despite regional difficulties.
