Corniche-side River Marina and a Pedestrian Bridge are set to be constructed opposite Cairo’s Muhammad Ali Palace in Egypt following the approval of over US$ 3m for the implementation of the project.
The funding, approved by Egypt’s Minister of Planning and Economic Development Hala El-Said in light of the development work that is currently ongoing at the Muhammad Ali Palace, comes as part of the fiscal year (FY) 2020/21 plan. It will be given to the Supreme Council of Antiquities, which runs under the umbrella of the Ministry of Tourism and Antiquities.
Keenness to provide support for national and historic projects
El-Said noted that her ministry is keen to provide the necessary support for national and historic projects.
The funding for the Muhammad Ali Palace comes in implementation of President Abdel Fattah Al-Sisi’s directives during a conference held at the Grand Egyptian Museum (GEM), where a decision was made for the establishment of a river marina on the Corniche opposite the Muhammad Ali Palace in Shubra, to help transport visitors and avoid traffic congestion.
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According to El-Said, the marina construction project falls under the main project entitled “Restoration of Islamic and Coptic Antiquities” and under the state’s interest in restoring historic monuments.
US$ 6m+ and an additional US$ 446,074 for the Muhammad Ali Palace restoration project
The minister also revealed that the Muhammad Ali Palace restoration project was allocated over US$ 6m, and then strengthened with an additional amount of US$ 446,074.
It is worth noting that Presidential Decree No 467 for the year 2020 re-allocates a 1,050 cubic meters area of land for the benefit of the Supreme Council of Antiquities. The area, which was transferred from its previous title as lands designated for agricultural reclamation, will now be used in the construction of anchorage for boats on the Corniche.
