EGP 8 bn needed to refurbish water pipeline network

The Holding Company for Water and Wastewater needs EGP 8 bn to refurbish its national water distribution network, Chairman Mamdouh Raslan tells Al Mal. The upgrade program would aim to reduce the volume of water lost in the system by up to 30%, he adds, noting that the company is buying equipment to detect pipeline leakages quicker. Raslan adds that the company has already spent the entirety of its FY 2016-17 EGP 1 bn budget allocation.