New Cairo FC sets tone for Egyptian PPP programme
- From: Vol 11, Issue 2 (February 2010)
- Category: General
- Region: Middle East
- Country: India
- Related Companies: Ahli United Bank, Aqualia, Arab African International Bank, Commercial International Bank (CIB), National Société Générale Bank and Orascom Construction Industries
The lessons learned at New Cairo could have an important impact on the timing of future Egyptian PPPs.
The signing on 4 February of the direct agreement between the lenders to the 250,000m3/d New Cairo wastewater project and the project sponsors marked the conclusion of a key milestone in Egypt’s first major privately financed wastewater deal. A club of four Egyptian lenders – National Société Générale Bank (33%), Commercial International Bank (33%), Arab ...
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