The European Bank is considering funding a Wastewater Expansion Program for the governorate of Kafr El-Sheikh in Egypt. The bank is considering funding the project in conjunction with the EIB.
Kafr El Sheikh Water and Sanitation Company is the client of the project and provides around 3 billion people with drinking water and wastewater services in the area. The company was incorporated in 2004.
The program will see improvement of sanitation conditions for 470,000 residents for the first time, in a governorate where one or more members in 24% of the household are affected by water-related health issues.
The improvements, which involves construction of 2 Wastewater treatment plants in addition to improving the existing 3, will see a 26 per cent to 39 per cent raise in sanitation coverage in the governorate. Improvements also entail laying down of 700 km of pipes and addition of 52 pump stations. The project is also expected to raise incomes for families in the area.
The European Bank will contribute €55 million to add to the €77 million loan from EIB and a €10.4 million investment grant from NIF. Details of the project can be found through this link: www.ebrd.com