EIB helps finance Egypt's Kafr El-Sheikh wastewater expansion

The European Investment Bank has offered preparatory technical assistance from its own funds to get Egypt's Kafr El-Sheikh Wastewater Expansion project started. The lender said adding further technical assistance, to be financed through grants, is likely. The project’s total cost is estimated at €163.5 million, of which the EIB will provide €77 million, while the EU Neighbourhood Investment Facility is providing €15 million.