Egypt to sign loan agreement with EIB, EU for Fayoum wastewater treatment project

Gov’t to ink loan contracts with EIB, EU for Fayoum wastewater project by month’s end: The government is expecting to sign a loan agreement by month’s end with the European Investment Bank (EIB) and the European Union Neighborhood Investment Facility to help upgrade sewage and wastewater systems in Fayoum, Al Borsa reports. The contracts are part of a EUR 448 mn package from the EIB, EU, and European Bank for Reconstruction and Development (EBRD). The government had already signed a contract with the EBRD for its EUR 186 mn portion of the facility last year.