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$5.4bn World Bank financing for existing projects in Egypt: Regional Director

World Bank funds for Egyptian projects in infrastructure, agriculture, energy, and job training total $5.4bn.
28.08.14 | Source: Daily News Egypt

The total in World Bank (WB) funding across 25 projects in Egypt has now reached $5.4bn, according to the WB Country Director for Egypt, Yemen, and Djibouti Hartwig Schafer.

WB-financed projects in Egypt focus on several areas including: managing and developing integrated irrigation systems; improving education; developing wind energy and electric power stations including the Ain Sokhna power plant; controlling pollution; and building infrastructure for integrated sewage systems.

These projects also include a plan to develop a new terminal at the Cairo airport, restructure rail lines, and modernise irrigation at farms.