Banks allocate EGP 170bn to develop infrastructure of a number of areas in Cairo and Giza - News Summed Up

Banks allocate EGP 170bn to develop infrastructure of a number of areas in Cairo and Giza


(MENAFN - Daily News Egypt) The Federation of Egyptian Banks (FEB) signed a cooperation protocol with the Department of Military Works of the Armed Forces Engineering Authority and the governorates of Cairo and Giza to develop the infrastructure and boost human development in Helwan, Badrashin, and Manishiet Al Qanater. The new cooperation protocol with the governorate of Cairo includes the provision of EGP 100m to pave and develop some vital roads in the unplanned areas in Helwan, next to establishing a school complex and upgrading some of the existing schools with EGP 77m.The protocol also includes EGP 10m to establish a medical centre to provide service for the citizens. Atef Abdel Hamid, the governor of Cairo, said that the partnership with the FEB to develop slums has contributed directly to improving theuality of service for the citizens in these areas. According to Mohamed Kamal El-Daly, the governor of Giza, contributing to the development of drinking water and the sanitation system has an impact on public health and the environment. MENAFN2505201701530000ID1095512319


Source: Daily News Egypt May 26, 2017 06:17 UTC



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