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Transport, health projects to get € 715 mn in AFD funding
Amwal Al Ghad Published in Amwal Al Ghad on 10 - 12 - 2020

The French Development Agency (AFD) is providing € 715.6 mn in financing to support an array of development projects, cabinet said in a statement yesterday.
The agency signed seven agreements with International Cooperation Minister Rania Al Mashat in Paris yesterday in a meeting coinciding with President Abdel Fattah El Sisi's trip to the French capital for talks with President Emmanuel Macron.
The funds come as part of a larger €1 bn strategic partnership agreement between the two countries first signed in 2019.
The Abu Qir railway project will receive €250 mn, € 150 mn will be earmarked for developing an energy policy evaluation system that will assist in regulating the transition towards a more sustainable transit infrastructure, and the Tanta-Mansoura-Damietta railway modernization project will be allocated €95 mn. Health, education and wastewater projects will also get funding.

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