Egypt, Saudi Arabia coordinate on regional crises ahead of first Supreme Council meeting    FRA launches first register for tech-based risk assessment firms in non-banking finance    Egypt's Health Ministry, Philips to study local manufacturing of CT scan machines    African World Heritage Fund registers four new sites as Egypt hosts board meetings    Maduro faces New York court as world leaders demand explanation and Trump threatens strikes    Egypt identifies 80 measures to overhaul startup environment and boost investment    Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory    EGX closes in red area on 5 Jan    Gold rises on Monday    Oil falls on Monday    Al-Sisi pledges full support for UN desertification chief in Cairo meeting    Al-Sisi highlights Egypt's sporting readiness during 2026 World Cup trophy tour    Egypt opens Braille-accessible library in Cairo under presidential directive    Abdelatty urges calm in Yemen in high-level calls with Turkey, Pakistan, Gulf states    Madbouly highlights "love and closeness" between Egyptians during Christmas visit    Egypt confirms safety of citizens in Venezuela after US strikes, capture of Maduro    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



European Investment Bank, Egypt launch the second phase of community development programme
Published in Amwal Al Ghad on 10 - 06 - 2020

The European Union, the European Investment Bank (EIB), and the Egyptian government have launched on Monday the second phase of the Community Development Programme with a total financing of 111 million Egyptian pounds ($6.8 million).
The progamme was launched with Egypt's Ministry of International Cooperation (MOIC) and the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), EIB said in a statement.
The Community Development Programme (CDP) aims at financing investments in community infrastructure to improve living standards for disadvantaged and vulnerable persons living in and around urban centres in several governorates in Egypt. The programme answers multiple Sustainable Development Goals (SDGs), including decent work and economic growth, industry, innovation, infrastructure and sustainable cities and communities.
In the framework of the second phase, MSMEDA signed framework agreements with five Egyptian governorates to support the provision and enhancement of community facilities, including drinking water networks, sewage networks, paving side roads with interlocking paving, schools, health clinics, and youth centres.
The CDP is funded by a €15 million grant from the European Union under the Neighbourhood Investment Facility (NIF) and is delegated to the EIB. It is implemented in two phases: phase one, worth 113 million pounds, which is focused on the projects to be completed by the end of 2020, while phase two worth 111 million pounds is focused on works that will be completed by the end of 2023.
Under phase two of the programme, MSMEDA signed framework agreements totalling EGP 111 million with five governorates. The projects under phase two will include the upgrade of 1.75 km of water supply networks in Assiut, the extension and upgrade of 32.1 km of sanitation networks services in Assiut, Giza, Port Said, and Sharkia. The improvement of side roads quality and safety in Assiut, Giza, and Alexandria, and upgrade of a local market in Alexandria.
"Investing in sustainable and resilient infrastructure is an investment in human capital and the productivity of our nation. The Ministry of International Cooperation continues working closely with the EU and the EIB to provide sustainability-focused and community-based solutions paving the way to inclusive and enabled economic growth." International Cooperation Minister Rania Al-Mashat said.
"The two phases of the community development program with MSMEDA stimulate sectors that are labour intensive accelerating job creation and generating employment opportunities."
Dario Scannapieco, EIB Vice President, commented on the launch of the second phase "As the EU bank, we continue to support a sustainable, modern economy in Egypt and to reinforce its economic resilience. The Community Development Programme is progressing in a very satisfactory manner."
Ivan Surkoš, Ambassador of the EU to Egypt, said: "The European Union remains committed to supporting Egypt in its sustainable development goals under the Egypt Vision 2030 and in particular under the Urban Development Pillar."
"With our partners EIB and MSMEDA, we are contributing to enhancing quality of life of the communities targeted under the Community Development Programme through tangible improvements in the municipal infrastructure of a number of cities across Egypt."
"EU-Egypt partnership is concretely delivering and making collectively a difference at the ground level and we stand ready to increase our investment in the future to make the cities of Egypt and its inhabitants more resilient and prosperous." Surkoš added.
Medhat Massoud, GM and head of the Human & Community Development Central sector at MSMEDA said: "the second phase of the Community Development programme comes as an important module and one of several programmes and projects managed by MSMEDA in full partnership with the European Delegation in Cairo and the EIB."
"The programme is fully aligned with MSMEDA and the Egyptian government strategic objectives in supporting the enabling environment for the growth and development of the small and micro enterprise in the country."
"While enhancing the living conditions in the targeted geographical areas, MSMEDA applies labour intensive methodology during the executing the community infrastructure sub-projects to generating the maximum employment opportunities. The list of sub-projects represents the targeted communities' urgent priorities."
Massoud added: "During the implementation phase one and two, the big challenge was how to protect the workers on the different sites at the various governorates against the spreading of Epidemic COVID-19, a guide was prepared by MSMEDA and disseminated to all the contractors and workers to abide with these high and conservative protective measures against COVID-19."


Clic here to read the story from its source.