Kitchener Drain Depollution - Drain Rehabilitation (EBRD-49417)

Regions
  • Middle East and North Africa
Where the impacts of the investment may be experienced.
Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 25, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Egypt
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 162.54 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR  131,000,000
Converted using 2018-02-16 exchange rate.
Project Cost (USD)
$ 195.44 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR  157,520,000
Converted using 2018-02-16 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 28, 2019

Disclosed by Bank Feb 16, 2018


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Project Description

This proposal involves sovereign loan of up to EUR 131 million to the Government of Egypt to finance the drain infrastructure rehabilitation component of the integrated depollution programme of the Kitchener Drain, the main agricultural drain passing through the governorates of Kafr El Sheikh, Gharbeya and Dekheila in the Delta region.

The proposed loan is expected to finance:

  1. drain rehabilitation works (dredging of canals, and rehabilitation and construction of new pumping stations);
  2. diversion works of the Omar Bek sub basin; and
  3. installation of a monitoring system for water flow and quality (the "Project").
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Eng. Mohamed Hassab
ndp3.epadp@gmail.com
00201020008561
02 35449417
www.mwri.gov.eg
1 Gamal Abdel Nasser Street El Waraq

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.