Madbouly highlights role of Arab financial institutions in supporting Egypt's development projects    Al-Mashat applauds Arab Coordination Group's initiative to address climate crises    Water-energy-food nexus key to sustainable development: Sweilam at 10th WWF in Bali    Cairo reiterates rejection of Israeli schemes to displace Gaza residents to Sinai: Official    US Biogen agrees to acquire HI-Bio for $1.8b    Microsoft buys 1.6m carbon credits from central American project    EU to retain Russian frozen assets revenues even after lifting sanctions    EU watchdog seeks oversight of cross-border finance firms    Body of Iranian President Raisi returns to Tehran amidst national mourning    Huawei launches $300m cloud zone in Egypt    President Al-Sisi reaffirms Egypt's dedication to peace in Gaza    Egypt to build 58 hospitals by '25    Asia-Pacific REITs face high climate risk, report shows    UK inflation eases, no June rate cut expected    Egyptian, Dutch Foreign Ministers raise alarm over humanitarian crisis in Gaza    "Aten Collection": BTC Launches its Latest Gold Collection Inspired by Ancient Egypt    Egypt's Health Minister monitors progress of national dialysis system automation project    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    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.



Planning Ministry reviews 'Citizen Investment Plan' in Matrouh for FY 2020/21
Public investments directed to Matrouh stands at EGP 13.3bn, an increase of 34%, says Hala El-Said
Published in Daily News Egypt on 02 - 01 - 2021

Egypt's Ministry of Planning and Economic Development has reviewed the "Citizen Investment Plan" report, which will be put in place in Matrouh governorate for fiscal year (FY) 2020/21.
The value of public investments directed to the governorate in the 2020/21 plan stands at EGP 13.3bn, an increase of 34% over the plan for the previous year. The figure also represents 5.1% of the distributed public investments, pointing to a 48% growth rate in investments financed by the public treasury and directed to the governorate.
The review comes as part of the ongoing roll-out of the citizen investment plan across Egypt's governorates for the second consecutive year. The plan aims at activating community participation and involving citizens in planning and follow-up.
Minister of Planning and Economic Development Hala El-Said said that the number of development projects taking place in Matrouh under the citizen's investment plan currently stands at 191.
The minister added that EGP 6.1bn will be directed to the electricity sector, reflecting 46.2% of the funds, with the housing sector and the development of informal settlements receiving EGP 3.5bn, or 26.7%.
This comes in addition to directing investments amounting to EGP 1.7bn for the transport sector, reflecting 12.5% of funds, with the local development sector receiving an amount of EGP 842.6m, or 6.3%. The higher education sector in Matrouh will receive EGP 530.5m, or 4%, in addition to investments worth EGP 576.4m for other sectors, at a rate of 4.3%.
The Ministry of Planning and Economic Development report said the most important development goals for the governorate are in the housing sector and the development of informal settlements. It added that this importance is represented in the allocation of about EGP 1.5bn to drinking water and sanitation services.
The report also included the most important electricity sector projects in the FY 2020/21 plan, represented in the construction of Egypt's first nuclear plant at Dabaa. The plant is expected to provide the electrical energy needed to implement sustainable development plans. It comes along with the completion of the electrical supply for Egypt's Northwest Coast, the New Alamein City, and Marsa Matrouh by connecting these areas to a 500 kV network.
The report pointed to the development of Egypt's Northwest Coast region by linking the Matrouh-Jarah-Siwa development triangle, and creating residential communities, pastures, and agricultural areas. The total appropriations listed for this project in the FY 2020/21 plan amount to about EGP 1.8bn.
The report said that, local development sector targets in Matrouh in the FY 2020/21 plan include the paving of local roads, which will cost an estimated EGP 307m. This is in addition to directing EGP 176.6m to strengthen the governorate's electricity networks.
The Ministry of Planning and Economic Development report on the citizen's investment plan in Matrouh reviewed the features of the "Decent Life" initiative in the governorate.
It said that the volume of the initiative's investments in the governorate amounted to EGP 263m, which will benefit 11 villages, or 19,000 citizens.
El-Said said that the launch of the citizen's plan aims to achieve four main objectives. These are namely: the localisation of sustainable development goals; the spreading of a culture of programmes and performances; enhancing transparency and accountability; and activating community participation.
El-Said said that the plan's launch comes as part of the state's continuous diligence to link the planning process with Egypt's Vision 2030. It also aims to localise sustainable development goals (SDGs) as outlined by the UN, and to continue the participatory approach adopted by the Ministry of Planning and Economic Development with all development partners. This will take place in a way that establishes the principles of governance and accountability, and the transparency of the state's development plan.
The minister added that the citizen's plan includes a detailed presentation of all development indicators and projects that are being implemented in each governorate separately. The plan enables the citizen to follow up on the implementation of these projects, whether they are being implemented in his governorate, city, or village.


Clic here to read the story from its source.