Schneider Electric Expands Youth Partnership with Enactus to Drive Inclusive Energy Transition in Egypt    China's Jiangsu Zhengyong to build $85m factory in Egypt's Ain Sokhna: SCZONE    Egyptian pound ticks up vs. US dollar at Thursday's close    Egypt condemns Israeli plan to build 3,400 settler homes in West Bank    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Egypt, Namibia explore closer pharmaceutical cooperation    Egypt, China ink $1bn agreement for Sailun tire plant in SCZONE    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's Electricity Minister discusses progress on Greece power link    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    27 Western countries issue joint call for unimpeded aid access to Gaza    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Australia to recognise Palestinian state in September, New Zealand to decide    Egypt, Huawei explore healthcare digital transformation cooperation    Global matcha market to surpass $7bn by 2030: Nutrition expert    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Korean Cultural Centre in Cairo launches folk painting workshop    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



EU delegation to discuss 2017-20 financing scheme with Egypt and donors
Published in Amwal Al Ghad on 29 - 05 - 2016

A total of €1.1 billion in EU grants was allocated to Egypt to be distributed over several areas of development. The EU delegation to Egypt will discuss the action plan with the Egyptian government and the donors during the period from 2017 to 2020 to determine the targeted projects.
The size of the grants provided by the EU to Egypt amount to roughly €100 million a year for development, head of the Social and Human Development Section of the EU delegation to Egypt Sébastian Trenner said.
He told Daily News Egypt that the grants will be distributed over several sectors, including the development of informal housing areas, education, health, environment, climate change, culture, infrastructure, social protection, and civil society organisations.
This financing is expected to increase in the coming years, especially after implementation of new development projects has begun in Egyptian governorates. The first stages of previous projects have been completed and their results will be evaluated.
According to Trenner, the most important areas of the EU's programme in Egypt are developing informal housing areas, improving the standard of living by supporting infrastructure, and implementing small- and medium-sized enterprises (SMEs).
The EU has partnered with the German International Cooperation Agency (GIZ) (Deutsche Gesellschaft für Internationale Zusammenarbeit) for the development programme and signed a direct financing contract worth €6.65 million to develop a number of informal housing areas in Cairo, Giza, and Qalyubia.
The EU earlier provided €6m to finance the first phase of the project carried out in nine informal housing areas to be added to the support given to non-governmental organisations (NGOs) and residents of those areas.
In the first phase, €20 million was provided in financing for developing slums, and another €20 million in the second phase through direct finance to the projects implemented in the provinces.
The contracts are signed with the provinces include Ain Shams, Ezbet Al-Nasr, and Al-Matariya in Cairo; and Dahab Island homes, Al-Warraq, and Boulaq Al-Dakrour in Giza; and Qalyub, and Shubra Al-Kheima in Al-Qaliubiya.
The contract signed a few days ago is worth roughly €6.65 million besides a government contribution of €740,000, Trenner said.
The development programme has completed the first phase of projects in the three provinces and the results are being evaluated. The second phase of the project will be completed during 2018 in coordination with the Ministry of Housing.
Negotiations are currently underway for a new grant from the GIZ worth €26m to improve the quality of living for people in informal housing areas, Trenner said.
The EU is committed to supporting economic and social development in Egypt, and is following up with the development plans of the Egyptian government, especially in the development of informal housing areas.
Source: Daily News Egypt


Clic here to read the story from its source.