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

Egypt has recently signed a financing agreement worth 61.5 million euros with the French Development Agency and the European Union to complete the Yellow Mountain water treatment plant project in Cairo. This project is focused on enhancing climate change adaptation efforts and water projects in Egypt, which make 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 water security in Egypt’s development and its impact on achieving comprehensive development goals. The signing of this financing agreement coincides with World Water Day and is part of joint Egyptian-European relations under the “Team Europe” initiative. The French Ambassador to Egypt emphasized that cooperation in water security is essential for sustainable development and environmental conservation efforts, while also underscoring its significance as a cornerstone of their partnership towards a better future for all people involved.

This successful cooperation between Egypt and Europe highlights how collaboration can lead to positive outcomes in areas such as environmental conservation efforts, climate change adaptation measures, and sustainable development goals.

In conclusion, this financing agreement marks an important milestone for both Egypt and Europe in their joint efforts towards improving services for around 17 million people in Cairo through collaborative efforts towards sustainable development goals while promoting environmental conservation efforts in their partnership towards a brighter future for all involved.

By Sophia Gonzalez

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