{"id":623024,"date":"2018-10-18T03:43:23","date_gmt":"2018-10-18T03:43:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/"},"modified":"2018-10-18T03:43:23","modified_gmt":"2018-10-18T03:43:23","slug":"eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/","title":{"rendered":"EIB approves EUR 214 mn loan for Kitchener Drain depollution"},"content":{"rendered":"

The European Investment bank (EIB) approved a EUR 214 mn loan for Egypt\u2019s Kitchener Drain depollution project, <\/strong>according to an Investment Ministry statement (pdf)<\/a>. The loan brings up the total financing pledged for the project to EUR 400 mn, with EUR 148 mn approved by the European Bank for Reconstruction and Development earlier this year<\/a> and a separate EUR 46 mn grant from the EU Neighborhood Investment Facility. The funds will be used to renovate 24 treatment plants, extend six others, and rehabilitate the entire Kitchener drain passing through Kafr El Sheikh, Gharbiya and Daqahliyah. EIB and Egypt signed last month<\/a> on EUR 32 mn-worth of grants to support sewage treatment projects in Kafr el Sheikh.<\/p>\n

Meanwhile, the EU is looking to grant Egypt as much as EUR 120 mn over the next three years to support its water security plans<\/strong>, EU ambassador Ivan Surkos said yesterday, according to Al Shorouk<\/a>. The grants will be offered as part of the \u201cEU4 Water in Egypt\u201d program that is yet to launch.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Investment bank (EIB) approved a EUR 214 mn loan for Egypt\u2019s Kitchener Drain depollution project, according to an Investment Ministry statement (pdf). The loan brings up the total financing pledged for the project to EUR 400 mn, with EUR 148 mn approved by the European Bank for Reconstruction and Development earlier this year […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9285],"tags":[2398,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623024","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-diplomacy-foreign-trade","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"03c65f24-e15b-4511-976a-49da7450dac7","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[623001],"teaser":"","voice_url":""},"yoast_head":"\nEIB approves EUR 214 mn loan for Kitchener Drain depollution - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIB approves EUR 214 mn loan for Kitchener Drain depollution\" \/>\n<meta property=\"og:description\" content=\"The European Investment bank (EIB) approved a EUR 214 mn loan for Egypt\u2019s Kitchener Drain depollution project, according to an Investment Ministry statement (pdf). The loan brings up the total financing pledged for the project to EUR 400 mn, with EUR 148 mn approved by the European Bank for Reconstruction and Development earlier this year […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-18T03:43:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EIB approves EUR 214 mn loan for Kitchener Drain depollution\",\"datePublished\":\"2018-10-18T03:43:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/\"},\"wordCount\":173,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Diplomacy + Foreign Trade\",\"EnterpriseAM\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/eib-approves-eur-214-mn-loan-for-kitchener-drain-depollution\/\",\"name\":\"EIB approves EUR 214 mn loan for Kitchener Drain depollution - 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The first EUR 69 mn loan will be directed towards rehabilitating the drainage system. The bank is also providing a EUR 79 mn facility to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599804,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/egypt-ebrd-sign-eur-148-mn-loan-for-kitchener-drain-project\/","url_meta":{"origin":623024,"position":1},"title":"Egypt, EBRD sign EUR 148 mn loan for Kitchener Drain project","author":"enterpriseam admin","date":"10 January 2019","format":false,"excerpt":"Egypt, EBRD sign EUR 148 mn loan for Kitchener Drain project: Irrigation Minister Mohamed Abdel Atti and the European Bank for Reconstruction and Development\u2019s (EBRD) Egypt Deputy Director Katrina Hansen have signed the final contract for the EBRD\u2019s EUR 148 mn loan to finance the Kitchener Drain project, according to\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624722,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-eib-sign-two-agreements-worth-eur-32-mn\/","url_meta":{"origin":623024,"position":2},"title":"Egypt, EIB sign two agreements worth EUR 32 mn","author":"enterpriseam admin","date":"17 September 2018","format":false,"excerpt":"Egypt and the European Investment Bank (EIB) signed two agreements for grants worth EUR 32 mn (EGP 662 mn) to support sewage treatment projects in Kafr el Sheikh, according to an Investment Ministry statement. The agreements will allow EIB to help implement infrastructure projects throughout 79 villages. EIB had previously\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600526,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egypt-signs-agreement-with-ebrd-for-eur-79-mn-kitchener-drain-loan\/","url_meta":{"origin":623024,"position":3},"title":"Egypt signs agreement with EBRD for EUR 79 mn Kitchener drain loan","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"The Local Development Ministry signed yesterday an agreement to release a EUR 79 mn tranche of the EUR 148 mn loan from European Bank for Reconstruction and Development (EBRD) for the Kitchener Drain depollution project, according to a Cabinet statement. The project received a total of EUR 400 mn from\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641177,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/14\/egypt-signs-agreements-worth-eur-400-mn-with-eib\/","url_meta":{"origin":623024,"position":4},"title":"Egypt signs agreements worth EUR 400 mn with EIB","author":"enterpriseam admin","date":"14 September 2017","format":false,"excerpt":"Egypt signs agreements worth EUR 400 mn with EIB: Egypt signed a number of agreements with the European Investment Bank (EIB) yesterday that will see the lender contribute close to EUR 400 mn to wastewater and sanitation projects, according to a statement from the Investment and International Cooperation Ministry. Minister\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624226,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/03\/eib-plans-to-sign-loan-agreements-with-egypt-worth-eur-589-mn-by-end-2018\/","url_meta":{"origin":623024,"position":5},"title":"EIB plans to sign loan agreements with Egypt worth EUR 589 mn by end-2018","author":"enterpriseam admin","date":"3 September 2018","format":false,"excerpt":"EIB plans to sign loan agreements with Egypt worth EUR 589 mn by end-2018: The European Investment Bank\u2019s (EIB) board of directors has signed off on extending new loans to Egypt worth a combined EUR 589 mn, EIB\u2019s North Africa and Middle East Director Flavia Palanza tells Al Mal. 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