A model deal for a model city
- From: Vol 11, Issue 1 (January 2010)
- Category: General
- Region: Africa
- Country: India
- Related Companies: Ahli United Bank, Aqualia, Arab African International Bank, Commercial International Bank (CIB), National Societe Generale Bank and Orascom Construction Industries
aqualia and Orascom have convinced local banks to back Egypt’s first wastewater PPP at New Cairo. It is an important breakthrough.
Four banks – including National Société Générale Bank (NSGB), Commercial International Bank (CIB), Arab African International Bank and Ahli United Bank – have so far signed up to provide a total debt package of around EGP600 million ($110 million) to fund the engineering, procurement and construction (EPC) phase of the New Cairo wastewater project in Egypt.
Based on a ...
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