The Arab Fund for Economic and Social Development (AFESD) will fund the second phase of Egypt’s largest sewage water treatment plant in Sinai, said the Egyptian Ministry of Investment in a statement on Friday.
As per the new deal, the fund will inject $284 million for the second phase after it had financed the first stage with $230 million, the statement said, adding that a mission from the Fund will visit Egypt in the coming few weeks to finalize the negotiations of the new deal.
In mitigation, Egypt is building the sewage water treatment plant to face water shortage that could affect around 0.5 million people in Sinai. The plant, which will treat sewage and agricultural wastewater of the longest drain (Bahr al-Baqar 1 drain), located in the east of Suez Canal. It will produce 5 million cubic meters per day to cultivate 250,000 feddans.
Egypt Today
