According to bank provided information, the project will support Egypt in building resilience towards food shortages due to climate change or to food price spikes, by increasing and modernising their cereal storage and logistics infrastructure.
In particular, the operation aims at:
(i) strengthening the resilience of Egypt's food supply system by increasing the storage capacity for wheat in modern silos, thus reducing losses in grain storage and handling ;
(ii) contributing to immediate food security by addressing cereal supply shortages and replenishing the country's strategic reserves.
The proposed operation is expected be covered by the comprehensive guarantee granted to the EIB under the Dedicated Investment
*Contact information not provided at the time of disclosure*
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