EBRD to fund USD 300 mn desalination plant in Ain Sokhna

Suez Canal Authority head Mohab Mamish reached an agreement with the European Bank for Reconstruction and Development (EBRD) last week to fund a USD 300 mn desalination plant in Ain Sokhna, Al Masry Al Youm reports. The amount will be used to cover feasibility studies and the costs for the construction of the plant. Mamish reached an agreement with the EBRD during a trip to Germany and the UK last week, according to the newspaper.