The Egyptian Holding Company for Water and Wastewater has tapped Canadian design and consulting services firm Stantec to lead the EUR 456 mn upgrade and expansion of sewage and wastewater systems in Fayoum, according to a company statement. The project is set to expand sewage access to 86% from 32.6% in Fayoum through the construction of four new wastewater treatment plants, the expansion of seven, and repair of 10. Financing for the project will be provided through a EUR 186 mn contribution from the European Bank for Reconstruction and Development and co-financed by the European Investment Bank, which will contribute EUR 172 mn, the European Union’s Neighbourhood Investment Facility, and the Egyptian government.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…