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.



World Bank, Egypt ink $145 mln irrigation loan
Published in Daily News Egypt on 02 - 09 - 2008

CAIRO: Egyptian and World Bank officials lent their signatures to a project aiming to reclaim farmland, save groundwater, improve growing techniques and institutionalize water management in the West Delta region, the bank announced Monday.
Speaking to local press, the Egyptian Minister of International Cooperation Fayza Aboul Naga said the project should reclaim 170,000 feddans of arable land and eventually benefit up to 15 percent of Egyptians.
The World Bank devised the project in June 2007 and is scheduled to lend Egyptian developers a total of $145 million over four years, according to the international group s planning documents.
Under the original timetable, the first $30 million was to be delivered this year, $80 million next year, another $30 million in 2010, and the final $5 million in the project s final year.
That guess was optimistic, sources at the World Bank s local office said, and it will likely take several more months for the plan to wind through parliamentary debates and other approval steps.
Design for the first stage of the project - which includes building surface water irrigation and connection systems - may start early in 2009, with construction opening several months later, sources at the office said.
Recent food shortages alongside soaring prices for rice and other staples have made agriculture a nexus of conflict between developing and developed states in recent months. Nations as diverse as Egypt, India and the Ukraine have flouted international pleas for open trade by imposing quotas or bans on their rice exports as they have tried to cool domestic prices.
Alongside drought, demand for corn-based ethanol fuels, and growing hunger for meat among the world s burgeoning middle classes - livestock usually needs more field space per pound of food than staples like wheat or rice - inefficient farming and poor water distribution have garnered a great deal of blame for the recent troubles.
Egyptian agriculture, often concentrated in small subsistence farms, was no exception.
This loan is the World Bank s seventh to the Ministry of Irrigation since the Bank started sponsoring projects here in areas such as land drainage, pumping and irrigation in the 1970s.


Clic here to read the story from its source.