Egypt opens 17 infra projects for private sector investment

Reuters

Egypt has approved 17 infrastructure projects under its public-private partnerships (PPP) scheme, according to finance minister Mohamed Maait.

The projects include three wastewater and industrial waste plants in Sadat, New Beni Suef and New Mansoura, and nine transformer plants and electrical grid projects in the New Administrative Capital, 6 October City and New Aswan City.

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Ahram Online also reported two power generation projects in Tanta and Giza and three expansion projects for wastewater treatment plants in Ismailia, Giza and Beheira governorates as part of the PPP initiative.

The PPP committee approved partnerships with the private sector on four state-owned projects, Maait added.

The projects include operating and maintaining an electrical transformer plant and dry port and logistics centre in 10 Ramadan City, a wastewater treatment plant in 6 October City and an electrical grid in New Alamein City.

The government recently announced that 21 water desalination plants with a total capacity of 3.3 million cubic metres per day will be offered to the private sector until 2025 for a value of $3 billion.

Egypt has already signed contracts with the private sector to sell state-owned entities worth $1.9 billion under its initial public offering privatisation programme.