Egypt's MSMEDA helps 18,000 SMEs win EGP 1.25b in state contracts    Giant CMA CGM ship transits Suez Canal, signaling return of megavessels    Egyptian pound edges up slightly against dollar in early Sunday trading    Grand Egyptian Museum to boost tourism, help attract 30 million visitors by 2030: Al-Mashat    Polish investments in Egypt surpass $1.7bn, driven by green ammonia, furniture, and silo projects    Finance Ministry, MSMEDA implement ambitious plan to support entrepreneurs: Rahmy    Egypt, Russia, EU coordinate on Gaza peace implementation, Sudan crisis    Rubio sees Vance as 2028 favourite, fuelling talk of a joint ticket    Trump announces US boycott of G20 summit in South Africa over 'human rights abuses'    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    Egypt to adopt World Bank Human Capital Report as roadmap for government policy    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches new cancer pharmaceuticals sector to boost drug industry localization    Egypt, Albania discuss expanding healthcare cooperation    25 injured after minibus overturns on Cairo–Sokhna road    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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.



NUCA offers 7 bids in 4 cities
Bids include developmental projects in New Cairo, Beni Suef and New Aswan
Published in Daily News Egypt on 27 - 05 - 2015

The New Urban Communities Authority (NUCA) has issued seven bids in four cities as part of its framework to develop lands in the 1m units social housing programme.
The bids include the establishment of a youth centre in Beni Suef and a nursery in New Aswan. It will also include building a traffic unit in New Cairo and utilities for 2,151 pieces of land in the new Borg Al-Arab area near Alexandria.
The programme's executive body head Salah Hassan said the government is building 200,000 residential units annually as part of the programme. He added that the cost of the units does not exceed EGP 135,000, "even though the real cost is double this figure, but the government bears the difference", he noted.
The social housing project was first announced in 2011. The post-25 January Revolution government announced the project's implementation in July 2012. Construction was projected to last five years, from fiscal year (FY) 2012/13 to FY 2016/17, with an average of 200,000 units expected to be constructed each year.
In April 2014, the Egyptian Initiative for Personal Rights (EIPR) issued a report stating that the eligibility regulations to apply for a residential unit in the social housing programme prevents 50% of the lowest-income Egyptian from qualifying. The regulations were amended, however, so that the minimum age of applicants was amended to 21, having previously been 45.
Other restrictions include that the income of families should be no more than EGP 3,000, and EGP 1,200 for individuals.
EIPR also issued a report in December 2014, claiming that the government has delivered only 57 units.
In March 2015, Minister of Housing Mostafa Madbouly announced that negotiations over a $500m loan from the World Bank had been finalised. The loan will be repaid over a five-year period.
In May 2015, the UAE signed a cooperation protocol with Egypt's Ministry of Housing, agreeing to finance the construction of 50,000 in 17 governorates at a value of EGP 11bn.


Clic here to read the story from its source.