{"id":610513,"date":"2023-11-21T00:00:00","date_gmt":"2023-11-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/house-passes-long-awaited-building-reconciliation-law\/"},"modified":"2023-11-21T00:00:00","modified_gmt":"2023-11-21T00:00:00","slug":"house-passes-long-awaited-building-reconciliation-law","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/house-passes-long-awaited-building-reconciliation-law\/","title":{"rendered":"House passes long-awaited building reconciliation law"},"content":{"rendered":"

Draft laws, new and old, got the greenlight <\/strong>in the House today as our elected representatives work through 58 \u2018priority\u2019 draft laws<\/a> penciled in for this legislative cycle.<\/p>\n

The building reconciliation act has finally got the green light: <\/strong>The Madbouly government\u2019s new building reconciliation bill earned the House\u2019s seal of approval after first getting<\/a> committee approval nearly two years ago. The law aims to make it easier for owners of unauthorized buildings built by 15 October of this year to legalize their properties in return for paying a reconciliation fee. The law replaces a bill from 2019 that did not specify procedure for how local authorities would collect fees, leading to a backlog of unresponded reconciliation requests and unpaid fines. <\/p>\n

Amendments to the Child Law got the nod:<\/strong> The amendments will give more social protections to children and mothers. They also seek to crack down on inconsistent birth registration. Parents who do not register the birth of their child, or who register the same child more than once, will now face a tougher penalty. <\/p>\n

Loans, Loans, Loans:<\/strong>A 30-year loan worth JPY 100 bn from the JapanInternational Cooperation Agency (JICA<\/strong>) to fund the initial stage of Cairo\u2019s Metro Line 4 got the go-ahead. The debt will come at a 0.1% interest rate and offers a grace period of 10 years. A separate agreement with Russia\u2019s TMH International<\/strong> to import 1.3k train carriages was also approved.<\/p>\n

Some disgruntlement from the floor: <\/strong>The approval of the loan from Japan got some blowback from MPs Abdel Moneim Imam and Diaa Eddin Dawoud, who rejected the bill on the grounds that it is contributing to what they said is Egypt\u2019s \u201calready-alarming\u201d debt burden. Imam alleged that the transport ministry\u2019s electric train project has cost the country USD 35 bn in loans, a claim that Transport Committee head Alaa Abed rejected. <\/p>\n","protected":false},"excerpt":{"rendered":"

The law makes it easier for owners of unauthorized buildings before 15 October of this year to legalize their properties<\/p>\n","protected":false},"author":1,"featured_media":610514,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7344],"tags":[130,7106,72,274,892,187],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-construction","tag-debt","tag-enterpriseam","tag-house-of-representatives","tag-jica","tag-legislation-watch","wpautop","entry"],"acf":{"mongo_id":"fda3ef7f-1242-49e5-8353-c9699b99fa0d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1101.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian House of Representatives passes long-awaited building reconciliation law","related_issue":[610506],"teaser":"The law makes it easier for owners of unauthorized buildings before 15 October of this year to legalize their properties","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.126e4123-bc81-4269-80d0-59ae2d0f953b.mp3"},"yoast_head":"\nHouse passes long-awaited building reconciliation law - 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The House Housing Committee yesterday voted to exclude the buildings from the legislation \u2014 along with\u2026","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/257.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577646,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/30\/senate-votes-to-pass-wildcat-building-law-say-goodbye-to-your-not-so-friendly-neighborhood-sayes\/","url_meta":{"origin":610513,"position":1},"title":"Senate votes to pass wildcat building law + Say goodbye to your not-so-friendly neighborhood sayes?","author":"enterpriseam admin","date":"30 November 2022","format":false,"excerpt":"Wildcat building law gets Senate sign off: After three days of debate, the Senate gave its final nod yesterday to legislation aimed at making it easier for owners of illegal buildings to go legit.What will it cost owners to get their buildings legalized? The current draft of the bill sets\u2026","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/500.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":612219,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/19\/el-sisi-ratified-the-new-building-reconciliation-act-plus-news-from-raya-auto-orascom-development-telecom-egypt-and-lukoil\/","url_meta":{"origin":610513,"position":2},"title":"El Sisi ratified the new Building Reconciliation Act. PLUS: News from Raya Auto, Orascom Development, Telecom Egypt, and Lukoil","author":"enterpriseam admin","date":"19 December 2023","format":false,"excerpt":"The new act makes it easier for people to legalize their unauthorized properties","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1262.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578065,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/new-building-violation-reconciliation-law-gets-a-nod-by-a-house-committee\/","url_meta":{"origin":610513,"position":3},"title":"New building violation reconciliation law gets a nod by a House committee","author":"enterpriseam admin","date":"14 December 2022","format":false,"excerpt":"New building reconciliation law gets committee approval: The House Housing Committee yesterday approved the new bill that will make it easier for owners of illegal buildings to go legit following three days of discussions. The legislation \u2060\u2014 which replaces a 2019 law designed to legalize informal buildings \u2060\u2014 will prevent\u2026","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/294.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620145,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/16\/cabinet-to-set-up-a-unit-dedicated-to-state-owned-companies\/","url_meta":{"origin":610513,"position":4},"title":"Cabinet to set up a unit dedicated to state-owned companies","author":"enterpriseam admin","date":"16 May 2024","format":false,"excerpt":"The unit will work to implement the state ownership policy with clear timelines and targets","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1273.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550092,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/13\/egyptian-expats-get-new-cars-finmin-gets-fx-more-buildings-up-for-reconciliation\/","url_meta":{"origin":610513,"position":5},"title":"Egyptian expats get new cars, FinMin gets FX + More buildings up for reconciliation","author":"enterpriseam admin","date":"13 October 2022","format":false,"excerpt":"Egyptian expats are going to be able to import new cars on the cheap \u2014 in return for helping the state raise FX: Egyptians who are resident abroad will be able to import a new car and eventually get a full rebate on all customs fees and taxes \u2014 if\u2026","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/212.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=610513"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610513\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/610506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610514"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610513"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610513"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}