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 represents 20% of the ongoing development cooperation portfolio with the European Union.
Dr. Rania Al-Mashat, Minister of International Cooperation, highlighted the importance of the water sector in Egypt, emphasizing its role in achieving comprehensive development. The financing agreement coincides with World Water Day and is part of the joint Egyptian-European relations under the “Team Europe” initiative. French Ambassador Eric Chevalier emphasized the strategic partnership between Egypt and the European Union regarding water security and management.
The agreement includes a development financing agreement worth 50 million euros, a grant worth 1.5 million euros, and a grant agreement between the European Union and the French Development Agency worth 10 million euros, totaling 61.5 million euros. The project will focus on the third phase of the Al-Jabal Al-Asfar water treatment plant, which serves 17.5 million people by collecting and treating wastewater using advanced technology and tertiary treatment for agricultural irrigation and biogas generation. This will provide a renewable source of energy to generate 80% of the electricity needed to operate the station.
The project is set to increase
