The French Government authorized AFD’s intervention  in Egypt in 2004. The Agency started project identifications in 2005. In April 2006, AFD and the Ministry of International Cooperation signed an Framework Agreement, approved by Presidential Decree and ratified by the Parliament; the agreement entered into force in February 2007. Photo © Ed Yourdon

News

137 million EUR for financing projects in Egypt on the occasion of the visit of the Executive Director for Operations of the French Development Agency

26/03/2014

On the occasion of a visit to Egypt on March 24, 2014, the Executive Director for Operations of the French Development Agency (AFD), Mr. Jean-Marc Gravellini and Mr. Nicolas Galey, Ambassador of France in Egypt signed with Mr. Ashraf El-Arabi, the Egyptian Minister of Planning and International Cooperation, a financing agreement of 80 million EUR for a project aiming to support employment and improve living conditions in poor neighborhoods

 

This project is financially supported by the European Union, and will be implemented by the Social Fund for Development. The signing of the financing agreement took place in the presence of Mr. Ibrahim Mehleb, Egyptian Prime Minister, and Mrs. Hanaa El- Hilali, Managing Director of the Social Fund for Development.
 
This project of 95 million EUR has two components: on one hand, a credit line of 80 million EUR for micro and small enterprises spread across the Egyptian territory, and, on the other hand, a grant from the European Union amounting to 15 million EUR for urban rehabilitation in four unplanned areas in Greater Cairo where live 1.2 million people (Ezbet Kheir Allah and Al-Zawya Al-Hamra in Cairo governorate, Ard El- Lewa and Miet Oqba in Giza governorate).
 
Mr. Gravellini also signed with the Egyptian Central Bank and the Ministry of Housing, Public Infrastructure and Urban Development, a financing agreement for a program to improve water and waste water services in four governorates in Upper Egypt (Kena, Sohag, Assiut and Minya). This program, which will benefit to 15.3 million people, is co-financed by the AFD up to 57 million EUR in partnership with other European donors.
 
In addition to signing agreements, Mr. Gravellini had meetings with Egyptian ministers during his visit. He had a bilateral meeting with Mr. Ashraf El-Arabi, the Minister of Planning and International Cooperation, to review cooperation activities between AFD and Egypt and discuss future prospects. Mr. Gravellini also met Mr. Ibrahim El- Domeiri, Minister of Transport. The transport sector is indeed the largest sector of AFD activity in Egypt. It concentrates 45% of the funds approved by AFD in Egypt, especially with the construction projects of the second and third phases of Line 3 of the Cairo metro. Mr. Gravellini approached transport projects already supported by the AFD, and explored with Mr. El- Domeiri tracks for future cooperation with AFD in the field of transport.
 
It should be mentioned that this visit followed two previous official visits : the one of the AFD Director of the Middle East and Mediterranean Department in November 2013 and the one of AFD Chief Executive Officer in April 2013, reflecting the importance attached by the AFD to Egypt.
 
 


Signature of Umbrella Agreement for Improved Water and Wastewater Services Programme II (IWSP II)

30/01/2014

On Monday November 25th, 2013, KfW Entwicklungsbank (the German Development Bank), the European Union (EU), the French Development Agency (AFD), the European Investment Bank (EIB), the Swiss State Secretariat for Economic Affairs (SECO), and the Egyptian Ministry of International Cooperation signed the Umbrella Agreement for the Improved Water and Wastewater Services Programme II (IWSP II).

The programme will be implemented in four governorates in Upper Egypt, namely, Qena, Sohag, Assiut and Minya. It will include a large number of projects for the rehabilitation of existing water and sanitation facilities, as well as the construction of new infrastructure.

These projects will contribute to improve the health status of the population in the target governorates through providing access to adequate and clean drinking water and safe sanitation for about 15.3 million people. The programme will also help towards the protection of the environment by reducing the sewage pollution load affecting the quality of water resources in Egypt.

The programme is jointly financed by Germany through KfW (as the lead financing institution), the EU, France through AFD, the EIB, SECO and the Government of Egypt (GOE). The total cost of the programme is estimated at EUR 303 million, of which EUR 209 million are contributed by the European Development Partners and EUR 94 million by the GOE. IWSP II shares a similar structure to IWSP I which has been under implementation since 2010 in four governorates in the Nile Delta namely, Sharkia, Gharbia, Damietta and Beheira.

The total cost of IWSP I is estimated at EUR 295.1 million, which is jointly financed by the German government via KfW, France via AFD, the EIB, the European Union and the GOE. From the IWSP I, 21 projects are currently under implementation by Egyptian contractors and consultants.



 
   
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