Egypt’s local banks reach for their staplers
- From: Vol 11, Issue 5 (May 2010)
- Category: General
- Region: Africa
- Country: Egypt
- Related Companies: Ministry of Housing, Utilities, and Urban Development (MHUUD)
A new initiative could streamline the financing of large-scale infrastructure PPPs in Egypt. How will it work?
Egypt's PPP Central Unit is in discussion with local banks to arrange staple financing deals for the Rod El Farag Highway project and the Abu Rawash wastewater treatment project. A staple financing package is pre-arranged by the client and offered to all bidders as part of the bidding documents. If financing can be obtained on more competitive terms elsewhere ...
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