VOL. XLI

No. 24

15-June-1998

EGYPT

EIB Commitment To Water Management, Energy And Industry In Egypt

On 10 June, the European Investment Bank (EIB) announced that it will lend a total ofECU170 million ($183mn) to three Egyptian projects. Just over half of the loan(ECU95mn/$102mn) will be allocated to water management and irrigation schemes in Upper andMiddle Egypt. ECU75mn will go to a project near Nag Hammadi to build a new dam on the Nileand ECU20mn will go to rehabilitate existing irrigation...