WB to disburse USD 130 mn tranche of wastewater projects loan next month

The World Bank is set to disburse next month a second USD 130 mn tranche of the USD 550 mn facility financing the first phase of a number of wastewater projects, Al Mal reports. The first phase, implemented in Daqahliyah, Sharqiya, and Behera, is scheduled for completion in 2022. The WB has also committed to a second, USD 500 mn funding package for the project’s second phase in other areas, Housing Minister Mostafa Madbouly said.