Cairo is turning to public-private partnerships to develop sewage and desalination projects
Egypt plans to use public-private partnerships (PPP) to help fund a progamme of improvements to its sewage infrastructure and to build desalination plants.
The country needs to spend about £E100bn ($14bn) to improve sewage connection rates and infrastructure in outlying areas, and cannot meet this financial requirement through government specnding alone.
Speaking at MEEDs Invest in Egypt conference, Mostafa Madbouly, Egypts minister for housing utilities and urban communities, said that with only £E3bn-4bn coming annually from the fiscal budget for the sewage sector, more investment was required from the private sector to complete the programme.
It is not enough; every year we need £E12bn-13bn. We are working with the World Bank, but are hoping for PPP, so private investors can come and build private sewage and desalination plants, said Madbouly.
He added that there was a growing demand for water supply on northwestern coast and in Red Sea areas, and that these areas will rely on desalinated water to meet demand.
More from MEED Invest in Egypt
- First microfinance securitisation due in 2015
- Bids for Egypts Abu Rawash plant due in December
- Egypt plans three PPP desalination projects
- Egyptian investors call for stability and reform
- Masdar investing in rooftop solar in Egypt
- Qalaa Holdings considering new capital raising in 2015
- Companies express interest in Egypt renewables scheme
- Egypts retail sector attractive but challenged
- Public-private partnerships to fund $4bn of Egypt projects
- Dana Gas to invest $350m in developing Egyptian gas
- Egypt strives to improve investment environment
- Egypt plans major housing, utility and infrastructure projects
- Arabtec deal a blueprint for Egypt housing projects
- Egypt needs 500,000 new homes a year
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