Egypt to receive 61.5 million euros in new funding from the European Union

Egypt and EU Sign Financing Agreement to Enhance Climate Change Adaptation Efforts through Water Projects

The Egyptian Ministry of International Cooperation recently signed a financing agreement worth 61.5 million euros with the French Development Agency and the European Union to enhance climate change adaptation efforts and water projects in Egypt. This project makes up a significant portion of the development cooperation portfolio with the European Union.

The agreement includes a development financing agreement worth 50 million euros, a grant worth 1.5 million euros, and a grant agreement worth 10 million euros between the European Union and the French Development Agency. These funds will go towards the implementation of the third phase of the Al-Jabal Al-Asfar water treatment plant project, which serves 17.5 million people by collecting and treating wastewater. The project aims to increase the station’s capacity by one million cubic meters per day using advanced technology and tertiary treatment for treated water provision for agricultural irrigation and biogas generation.

Dr. Rania Al-Mashat, Minister of International Cooperation, highlighted the importance of this partnership in achieving comprehensive development in Egypt through sustainable water management practices. The signing of this financing agreement coincides with World Water Day, emphasizing its significance in promoting environmental conservation efforts globally.

The French Ambassador to Egypt and Head of EU Delegation to Egypt both underscored their commitment to working together to improve access to clean water services for millions of people in Cairo through collaborative efforts under “Team Europe” initiative. They reiterated that cooperation is key to ensuring sustainable water security for future generations while mitigating climate change impacts on these vital resources.

This successful partnership between Egypt and EU highlights how joint efforts can lead towards achieving common goals such as improving access to clean water services, enhancing environmental conservation efforts, and promoting sustainable development practices.

Overall, this project demonstrates how strategic alliances can help countries overcome challenges related to climate change adaptation and ensure long-term sustainability in their development plans.

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