Enhancing Climate Change Adaptation in the North Coast and Nile Delta Regions in Egypt (GCF-FP053)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
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
Oct 1, 2017
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
Ministry of Water Resources and Irrigation
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 31.38 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 31.38 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 105.19 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ GCF website

Updated in EWS Jul 29, 2020


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Project Description

Defending the vulnerable Nile Delta against coastal flooding damage to improve the resilience of rural communities.

The Nile Delta is among the top three most vulnerable regions in the world, according to the IPCC. The Delta faces the threat of flooding of low-lying coastlines from sea level rise and increased intensity and frequency of storm events. A one meter rise in sea level is expected to submerge 20% of the land area of the delta by the end of the 21st century. Salinization of land and water resources is expected to have significant impacts on agriculture, fishing and availability of freshwater resources.

Providing coastal defence soft structures and integrated coastal management to adapt to coastal flooding from sea level rise and increased frequency of storms. This will reduce the vulnerability of coastal infrastructure, protecting surrounding villages, agricultural land, and the international coastal road. The project will also lead to the development of an integrated coastal zone management plan for the entire North coast of Egypt.

Expected project benefits:
GCF results areas
UN Sustainable Development Goal
* #6 Clean water and sanitation

Investment Description
  • Green Climate Fund (GCF)
Contact Information

ACCESS TO INFORMATION

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