Gen­eral Author­ity for Re­con­struc­tion im­ple­ments 20 projects in Cairo, Giza, Qa­lyu­bia worth EGP5.7bn

The Daily News Egypt - - Business - By Ne­hal Samir

Min­is­ter of Hous­ing, Util­i­ties and Ur­ban Com­mu­ni­ties Mostafa Mad­bouli an­nounced that the Cen­tral Agency for Re­con­struc­tion and De­vel­op­ment is cur­rently im­ple­ment­ing 20 projects in Cairo, Giza, Qa­lyu­bia worth EGP5bn and EGP 720m.

The min­is­ter ex­plained that the projects im­ple­mented vary be­tween the im­ple­men­ta­tion of hous­ing units within the so­cial hous­ing pro­ject, or un­der the um­brella of the de­vel­op­ment of slums, as well as road projects, and bridges, and the de­vel­op­ment and ren­o­va­tion of build­ings and mosques, ar­chae­o­log­i­cal and other ser­vice projects.

In the same con­text Mo­hamed Nasser, head of the Cen­tral Agency for Re­con­struc­tion said 10 projects are be­ing im­ple­mented in Cairo worth EGP1b and EGP50m.

The first pro­ject of Cairo projects is the de­vel­op­ment of the Fan­gari axis (south Fan­gri bridge) with a length of 1487m long while the sec­ond phase in­cludes de­vel­op­ing and im­prov­ing the rain wa­ter drainage at a cost of EGP50m, ac­cord­ing to Nasser.

He added that there are projects im­ple­mented in Cairo gov­er­norate in co­op­er­a­tion with other par­ties

Th­ese projects in­clude the es­tab­lish­ment of 16 build­ings with 815 hous­ing units of spa­ces rang­ing from (60 - 90 m2).

The head of the Cen­tral Agency for Re­con­struc­tion said that the to­tal cost of in­vest­ment in Giza Gov­ern­ment is EGP4 bn and EGP314 m in­clud­ing the ex­pro­pri­a­tion works and trans­fer of squires re­quired for the con­struc­tion of Rawd Al Faraj axis at a cost of EGP 2 bn and EGP 400 m.

Nasser stressed that the res­i­den­tial area in Matar Em­baba is still be­ing com­pleted to in­clude 3118 hous­ing units and 231 shops fully equipped and also they still co­or­di­nate the site at a to­tal cost of EGP 600 m.

He pointed out that there are other projects be­ing im­ple­mented in co­op­er­a­tion with other par­ties, in­clud­ing two projects in co­op­er­a­tion with Giza Gov­er­norate, which are cov­er­ing Al- Man­souriya Canal in the tourist area in Al-Haram at a cost of EGP 505 mil­lion, de­vel­op­ment of the Man­souriya West Road at a cost of EGP 26.8 m.

Head of the Cen­tral Agency for Re­con­struc­tion, noted that for the gov­er­norate of Qa­lyu­bia, the projects in­clude the con­struc­tion of (113) so­cial hous­ing build­ings with a to­tal of 2580 hous­ing units within the so­cial hous­ing pro­ject and 264 shops in Al-Khanka area at a to­tal cost of EGP 366m.

Min­is­ter of Hous­ing, Util­i­ties and Ur­ban Com­mu­ni­ties Mostafa Mad­bouli

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