Financing of Kitchener Drain projects worth €408M
(World News Egypt)

CAIRO – 11 March 2021: Financing of the Kitchener Drain projects worth €408 million, with development financing amounts to €213.9 million from the European Investment Bank (EIB), in addition to a grant from the European Union (EU) worth €25 million for the implementation of the first phase focusing on the collection and treatment of wastewater. The EBRD provided a development financing worth € 79 million, in addition to a grant of €8 million for the second phase related to solid waste management; moreover, EBRD funded the third phase focusing on the depollution of the drain and its efficiency upgrade with €69 million euros and a grant of...