Egypt launches EU-funded Community Development Programme Phase II – ZAWYA

  • Date: 09-Jun-2020
  • Source: Zawya
  • Sector:Real Estate
  • Country:Egypt
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Egypt launches EU-funded Community Development Programme Phase II – ZAWYA

The programme aims to promote utility services in five governorates. Under the neighbourhood investment facility (NIF), the community development programme is financed by a EUR 15 million grant from the EU and is delegated to the EIB.. The EGP 113 million first phase focuses on projects to be completed by the end of 2020, while the second phase, worth EUR 111 million, focuses on works to be completed by the end of 2023.. "The Ministry of International Cooperation continues working closely with the EU and the EIB to provide sustainability-focused and community-based solutions paving the way to inclusive and enabled economic growth," minister of international cooperation Rania Al-Mashat said..