GDB Bank gives $26.6m for irrigation projects in Egypt

Retabi crop
The Proposed land for Beheira and Kafr el-Sheikh irrigation projects: the project is expected to cover an area of 16,300 sq. m

The government of Egypt has announced securing $26.6 million loan from the German Development Bank (GDB) – Kreditanstalt für Wiederaufbau (KfW) to fund irrigation projects.

Making the announcement, Egyptian Minister of Water and Irrigation Hossam Moghazy said that the KfW’s loan will go towards improvement of the Beheira and Kafr el-Sheikh irrigation projects in Egypt’s governorates of Beheira and Kafr el-Sheikh.

“The project is expected to cover an area of 30.000 feddans (16,300 sq. m).” The Minister said.

However, the minister did not provide any further details of the Beheira and Kafr el-Sheikh irrigation projects.

Apart from funding the Beheira and Kafr el-Sheikh irrigation projects, the German Development Bank last year funded a building harboring 100 new schools in Sohag and Assiut governorates of Upper Egypt. This was after the country ministry of education chose the two centres as beneficiaries. The completion of the said construction project is planned to be completed by 2016.

Similar Posts:

NO COMMENTS

LEAVE A REPLY