Middle East Economic Survey

VOL. LIII

No 44

1-Nov-2010

EGYPT

EIB Grants 560Mn Support Package For Egypts Electricity Sector

The European Investment Bank (EIB) signed two finance agreements for the Giza North Power Plant and Egyptian Power Transmission Project on 25 October, providing a 560mn support package for priority electricity generation and transmission investment in Egypt. The EIB also signed a 20mn European Union grant funding under the Neighborhood Investment Facility (NIF). This...