Egypt PM, Japan's JBIC head explore deeper cooperation    Egyptian pound wavers vs. USD in early trade    SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    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, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    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.



EGP 1bn to be used for developing slums in FY 2015/2016
Investment is part of EGP 6.85bn allotted for local development programmes in new budget
Published in Daily News Egypt on 25 - 07 - 2015

A total of EGP 1bn has been allocated to develop slums and markets in the Economic and Social Development plan for fiscal year (FY) 2015/2016, the Ministry of Planning announced on Saturday.
The amount is part of EGP 6.85bn that has been allotted for local development programmes in the new budget, the ministry noted. It added that EGP 650m of this will be directed to the poorest villages in Egypt.
In April, the New Urban Communities Authority (NUCA) suggested supporting the plan to develop slums in Egypt using EGP 425m, in collaboration with the Ministry of Urban Development and Slums.
Minister of Housing Mostafa Madbouly clarified at the time that the figure comes as part of the proposed plan for FY 2015/2016.
Madbouly also noted that a donation from the UAE will ensure the implementation of 50,000 units, complete with full facilities, to be completed in Badr City and Borg Al-Arab. The first phase of the project, named "Dar Masr", will be constructed in cooperation with the Armed Forces Engineering Authority.
President Abdel Fattah Al-Sisi decided in January to allocate EGP 500m from the Tahya Masr Fund, launched after his inauguration in June 2014, to develop the Doweqa district in Cairo.
Egypt has 1,300 slums, of which 340 are in "critical condition", according to Prime Minister Ibrahim Mehleb, who has called on civil society organisations to participate with the government in the development process.
Developing slums is usually costly, as expenditures for the development of 26 slum neighbourhoods over the past three years has reached EGP 1.5bn, according to Manal Shaheen, General Director of Development Projects for the Cairo governorate at the Ministry of Urban Development and Slums.
The budget allocation for developing slum areas in FY 2014/2015 budget stood at EGP 600m, according to the Ministry of Planning.


Clic here to read the story from its source.