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African Development Bank examines $700m in financing for irrigation projects - Daily News Egypt

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African Development Bank examines $700m in financing for irrigation projects

By Abdel Razek Al-Shuwekhi The African Development Bank (ADB) is currently considering financing projects at the Ministry of Water and Irrigation worth $700m, according to a bank official. On 25 June, an official at the Ministry of International Cooperation said the ADB would finance the study at a value of €1.9m (just over $2.5m). The …


By Abdel Razek Al-Shuwekhi

The African Development Bank (ADB) is currently considering financing projects at the Ministry of Water and Irrigation worth $700m, according to a bank official.
On 25 June, an official at the Ministry of International Cooperation said the ADB would finance the study at a value of €1.9m (just over $2.5m). The work on the two canals will provide significant benefits to rural populations, who use the waterways for access to drinking water.
The ministerial official added that the bank has recently financed several infrastructure projects in Egypt.

https://ww.dailynewssegypt.com/2014/06/30/african-development-bank-examines-700m-financing-irrigation-projects/
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